Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Atanancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Kamatchi Amman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. In 2017, the value had previously been Rs 536 per sq.ft, marking a 49% increase. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained steady at Rs 800 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 for Kamatchi Amman Nagar. The 2024 revision shows no change from 2023, maintaining the guideline value at Rs 800 per sq.ft.

Guideline values in Atanancheri

Atanancheri village has 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 700 per sq.ft, placing Kamatchi Amman Nagar's 2024 figure above this median.

• Kalaivani Nagar: Rs 800 per sq.ft (2024)
• Kannan Nagar: Rs 700 per sq.ft (2024)
• Kannappa Nagar: Rs 800 per sq.ft (2024)
• Karumari Amman Nagar: Rs 500 per sq.ft (2024)
• K.M.R. Nagar: Rs 800 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Sub Registrar Office that covers Kamatchi Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Atanancheri

The guideline value is crucial during property transactions in Atanancheri, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Amman Nagar?

The current guideline value of Kamatchi Amman Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft in the revisions of 2012, 2023, and 2024. There was a significant increase from Rs 536 per sq.ft in 2017, marking a 49% rise from the previous revision.

What are the other streets in Atanancheri with their guideline values?

Other streets in Atanancheri include Kalaivani Nagar and Kannappa Nagar at Rs 800 per sq.ft, Kannan Nagar and Jayam Nagar at Rs 700 per sq.ft, and Karumari Amman Nagar at Rs 500 per sq.ft.

How is stamp duty calculated for properties in Kamatchi Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.

Where is the Sub Registrar Office for Kamatchi Amman Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.