Guideline Value for Kamatchi Nagar Annex

Kamatchi Nagar Annex guideline value

The current guideline value of Kamatchi Nagar Annex is Rs 400 per sq.ft. This area is located in Puthuper village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kamatchi Nagar Annex has changed

Over the years, the guideline value for Kamatchi Nagar Annex has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was reduced to Rs 268 per sq.ft, before rising again to Rs 400 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, but the overall change from 2012 to 2024 shows no increase, maintaining the value at Rs 400 per sq.ft.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the current value of Kamatchi Nagar Annex.

• Kamatchi Amman Nagar: Rs 400 per sq.ft (2024)
• Kanniamman Koil Street: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 200 per sq.ft (2024)
• Jai Krishna Nagar Annexe: Rs 400 per sq.ft (2024)
• Jai Krishna Nagar: Rs 400 per sq.ft (2024)
• Krithika Garden I & II: Rs 520 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Nagar Annex?

The Sub Registrar Office that covers Kamatchi Nagar Annex is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property transfer.

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure compliance with local regulations. This value helps in assessing the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar Annex?

The current guideline value of Kamatchi Nagar Annex is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in the 2023 and 2024 revisions. It was previously Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification for Kamatchi Nagar Annex?

Kamatchi Nagar Annex is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamatchi Nagar Annex?

The Sub Registrar Office for Kamatchi Nagar Annex is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information on how to locate your SRO.