Guideline Value for Kamatchi Amman Street / Annai Indira Nagar

Kamatchi Amman Street / Annai Indira Nagar guideline value

The current guideline value of Kamatchi Amman Street / Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Velachery village, within the jurisdiction of the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kamatchi Amman Street / Annai Indira Nagar has changed

The guideline value for Kamatchi Amman Street / Annai Indira Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest revision in 2024 has increased the guideline value to Rs 4,400 per sq.ft, representing a significant increase of 64% from the 2017 figure.

Overall, when comparing the 2012 and 2024 revisions, there has been a slight increase of 10% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Kamatchi Amman Street / Annai Indira Nagar.

• Kamatchi Amman Street: Rs 3,850 per sq.ft (2024)
• Kamatchi Nagar: Rs 3,300 per sq.ft (2024)
• Kamatchi Nagar, Sri Nagar Colony: Rs 3,850 per sq.ft (2024)
• Kambar Street: Rs 4,950 per sq.ft (2024)
• Kambar Street, Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Kambar Street (Dhandeeswaram Extn): Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Amman Street / Annai Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. Please note that stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamatchi Amman Street / Annai Indira Nagar?

The Sub Registrar Office that covers Kamatchi Amman Street / Annai Indira Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable fees, which are mandatory during the registration process at the Velacheri SRO.

Frequently asked questions

What is the current guideline value for Kamatchi Amman Street / Annai Indira Nagar?

The current guideline value for Kamatchi Amman Street / Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,400 per sq.ft in 2024.

What is the land classification for Kamatchi Amman Street / Annai Indira Nagar?

The land classification for Kamatchi Amman Street / Annai Indira Nagar is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kamatchi Amman Street / Annai Indira Nagar is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.