Guideline Value for Kamatchi Nagar 6th Street

Kamatchi Nagar 6th Street guideline value

The current guideline value of Kamatchi Nagar 6th Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Kamatchi Nagar 6th Street has changed

The guideline value for Kamatchi Nagar 6th Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,072 per sq.ft. This value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 1,760 per sq.ft, reflecting a 10% change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This progression highlights the changes in property valuation in Kamatchi Nagar 6th Street over the years.

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, placing Kamatchi Nagar 6th Street's 2024 value below this median.

• Kamatchi Nagar 5th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 7th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar Main Road: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar 6th 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 fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Nagar 6th Street?

The Sub Registrar Office that covers Kamatchi Nagar 6th 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 is a crucial factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When a buyer and seller agree on a sale price, the higher of the guideline value or the agreed sale price is used to calculate the stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 6th Street?

The current guideline value of Kamatchi Nagar 6th 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, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Kamatchi Nagar 6th Street?

The Pammal Sub Registrar Office handles property registrations for Kamatchi Nagar 6th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and serves as a minimum benchmark for property transactions. It is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price.