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 area is located in Karanaipuducheri village under the Gooduvancheri SRO, classified as Residential Class I Type - II.

How the guideline value of Kamatchi Amman Nagar has changed

The guideline value for Kamatchi Amman Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 300% increase. However, it decreased to Rs 536 per sq.ft in 2017, which was a reduction of 33%. The value remained at Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%, reflecting the changes in the market over the years.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. Kamatchi Amman Nagar's 2024 guideline value is below this median.

• Karanaipuduchery Road: Rs 1,200 per sq.ft (2024)
• Karumariamman Nagar: Rs 800 per sq.ft (2024)
• Kavin Avenue: Rs 700 per sq.ft (2024)
• Kkr Nagar: Rs 1,200 per sq.ft (2024)
• K.K.R. Nagar Phase-I: Rs 1,200 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 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 rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total charges Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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 Karanaipuducheri

The guideline value is a critical factor in the registration process of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to calculate the required fees. This ensures that the transaction is recorded accurately and complies with the regulations set by the Registration Department.

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 seen various changes, with the most recent revision in 2024 maintaining the value at Rs 800 per sq.ft, the same as in 2023. The value was Rs 536 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What are the stamp duty rates for properties in Kamatchi Amman Nagar?

The stamp duty rate for properties in Kamatchi Amman Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Kamatchi Amman Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Kamatchi Amman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the land classification for Kamatchi Amman Nagar?

Kamatchi Amman Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.