Guideline Value for Kamatchi Nagar 7th Street

Kamatchi Nagar 7th Street guideline value

The current guideline value of Kamatchi Nagar 7th 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 7th Street has changed

The guideline value for Kamatchi Nagar 7th Street has seen several revisions 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. The current 2024 revision has further increased this to Rs 1,760 per sq.ft, marking a 10% rise from the previous year and a significant 49% increase from 2017 to 2023.

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 years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, making the guideline value of Kamatchi Nagar 7th Street below this median.

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

Stamp duty and registration fee for property in Kamatchi Nagar 7th 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, charged at 7%, would be 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. Please note that the 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 details.

Which Sub Registrar Office covers Kamatchi Nagar 7th Street?

The Kamatchi Nagar 7th 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 further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Anakaputhur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar 7th Street?

The current guideline value of Kamatchi Nagar 7th Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How 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, reflecting a total 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 Sub Registrar Office handles registrations for this area?

The Pammal Sub Registrar Office manages registrations for Kamatchi Nagar 7th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, which indicates that Kamatchi Nagar 7th Street's value is below this median at Rs 1,760 per sq.ft.