Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pattravakkam village under the Konnur SRO and is classified as Residential Class III Type - I.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has experienced several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 150%. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Pattravakkam

Pattravakkam village has a total of 34 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,900 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Kamatchi Nagar is below this median.

• Kannan Koil Street: Rs 1,500 per sq.ft (2024)
• Kanniamman Koil Street: Rs 1,100 per sq.ft (2024)
• Karukku Main Road: Rs 2,200 per sq.ft (2024)
• Karukku Utkadai Paguthi & Street & Lanes: Rs 1,500 per sq.ft (2024)
• Kabaleeswarar Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi Nagar?

The Sub Registrar Office that covers Kamatchi Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is crucial during property transactions as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on the official valuation of the property.

When buying or selling property in Pattravakkam, it is essential to be aware of the current guideline value to avoid any discrepancies during the registration process. This value is updated periodically, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 175% over these years.

What are the other streets in Pattravakkam with their guideline values?

Other streets in Pattravakkam include Kannan Koil Street at Rs 1,500 per sq.ft, Kanniamman Koil Street at Rs 1,100 per sq.ft, and Karukku Main Road at Rs 2,200 per sq.ft, among others.

What fees are associated with property registration in Kamatchi Nagar?

When registering property in Kamatchi Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Kamatchi Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.