Guideline Value for Kamatchi Nagar 4th Street

Kamatchi Nagar 4th Street guideline value

The current guideline value of Kamatchi Nagar 4th 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 4th Street has changed

The guideline value for Kamatchi Nagar 4th Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, which means that Kamatchi Nagar 4th Street's 2024 figure is below that 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 3rd 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the 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 Nagar 4th Street?

The Sub Registrar Office that covers Kamatchi Nagar 4th Street is 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 plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is a reference point for calculating these fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and reflects the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 4th Street?

The current guideline value of Kamatchi Nagar 4th Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 64% over the seven years.

What is the stamp duty for property in Kamatchi Nagar 4th Street?

The stamp duty for property in Kamatchi Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in Kamatchi Nagar 4th Street?

The Pammal Sub Registrar Office handles the registration of properties in Kamatchi Nagar 4th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kamatchi Nagar 4th Street?

Kamatchi Nagar 4th Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.