Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

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

How the guideline value of Kamatchi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft, reflecting a decrease of 33%. The 2023 revision again set the value at Rs 500 per sq.ft, and this same value was maintained in the 2024 revision, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 500 per sq.ft.

Guideline values in Kavanur

Kavanur village has 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Kamatchi Nagar's 2024 figure below this median.

• Karthick Avenue: Rs 800 per sq.ft (2024)
• Karthik Nagar: Rs 800 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Indhira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Guru Ramesh Nagar: Rs 700 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 the Gooduvancheri Sub Registrar Office, located at 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 Kavanur

The guideline value is an important factor when registering property in Kavanur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a decrease to Rs 335 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the registration office for Kamatchi Nagar?

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

How is stamp duty calculated in Kamatchi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.

What is the median guideline value in Kavanur?

The median guideline value in Kavanur is Rs 800 per sq.ft, with Kamatchi Nagar's current guideline value being below this median.