Guideline Value for Kamatchi Nagar 3rd Street

Kamatchi Nagar 3rd Street guideline value

The current guideline value of Kamatchi Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Kamatchi Nagar 3rd Street has changed

The guideline value for Kamatchi Nagar 3rd Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kamatchi Nagar 3rd Street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Kamatchi Nagar 3rd Street's 2024 figure below this median.

• Kamatchi Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 5th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 6th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 7th Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is essential to 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 Nagar 3rd Street?

The Kamatchi Nagar 3rd Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

It is important to ensure that the sale price of the property is not lower than the guideline value, as the registration authorities will charge fees based on the higher of the two values. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 3rd Street?

The current guideline value of Kamatchi Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur that share the same guideline value of Rs 1,760 per sq.ft for 2024 include Kamatchi Nagar 1st Street, Kamatchi Nagar 2nd Street, Kamatchi Nagar 4th Street, Kamatchi Nagar 5th Street, Kamatchi Nagar 6th Street, and Kamatchi Nagar 7th Street.

What is the stamp duty for property in Kamatchi Nagar 3rd Street?

The stamp duty for property in Kamatchi Nagar 3rd Street is calculated at 7% of the guideline value. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200.

Where can I find the Sub Registrar Office for Kamatchi Nagar 3rd Street?

The Sub Registrar Office covering Kamatchi Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.