Guideline Value for Kamatchi Amman Nagar

Kamatchi Amman Nagar guideline value

The current guideline value of Kamatchi Amman Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Puthuper village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamatchi Amman Nagar has changed

The guideline value for Kamatchi Amman Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 70 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this value remained unchanged until the 2017 revision, which raised it to Rs 268 per sq.ft, marking a 49% increase. The value then remained at Rs 400 per sq.ft during the 2023 revision and continues to be the same in the 2024 revision, reflecting no change from the previous year.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 471%.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Kamatchi Amman Nagar.

• Kamatchi Nagar Annex: Rs 400 per sq.ft (2024)
• Kanniamman Koil Street: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 200 per sq.ft (2024)
• Jai Krishna Nagar Annexe: Rs 400 per sq.ft (2024)
• Jai Krishna Nagar: Rs 400 per sq.ft (2024)
• Krithika Garden I & II: Rs 520 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Kamatchi Amman Nagar?

The Sub Registrar Office that covers Kamatchi Amman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable fees. This ensures that the government receives the correct 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions. It was Rs 70 per sq.ft in 2007, increased to Rs 400 per sq.ft in 2012, and then changed to Rs 268 per sq.ft in 2017. The value remained at Rs 400 per sq.ft during the 2023 and 2024 revisions.

What is the land classification of Kamatchi Amman Nagar?

Kamatchi Amman Nagar is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in Kamatchi Amman Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations in Kamatchi Amman Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations in Kamatchi Amman Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.