Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar, located in Gooduvancheri village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has seen several revisions over the years. The earliest recorded revision in 2017 set the value at Rs 1,005 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 1,500 per sq.ft. The latest revision in 2024 confirmed this value at Rs 1,500 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri village, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, making Kamatchi Nagar's 2024 figure equal to this median.

• Kambar Street: Rs 2,001 per sq.ft (2024)
• Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Kannagi Street: Rs 2,001 per sq.ft (2024)
• Kanniyappa Nagar: Rs 2,001 per sq.ft (2024)
• J.V.C. Avenue: Rs 1,200 per sq.ft (2024)
• Jesubatham Nagar: Rs 2,001 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost to Rs 1,35,000. It is important to 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?

The Sub Registrar Office that covers Kamatchi Nagar is located at Gooduvancheri Sub Registrar Office, Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Gooduvancheri. It helps determine the stamp duty and registration fees that buyers and sellers must pay during the transaction process. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamatchi Nagar has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall.

What is the land classification for Kamatchi Nagar?

Kamatchi Nagar is classified as Residential Special Type - I, which influences its guideline value and regulatory framework.

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

The Sub Registrar Office for Kamatchi Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,500 per sq.ft would incur a total cost of Rs 1,35,000 in fees.