Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Kamatchi Nagar has changed

The guideline value of Kamatchi Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 50 per sq.ft. This figure experienced a dramatic increase to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 1900%. However, by the 2017 revision, the value decreased to Rs 670 per sq.ft, which was a decline of 33%. The current value of Rs 1,000 per sq.ft in the 2023 revision represents an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 1900%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Kamatchi Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is essential 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 the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Ponmar. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the overall costs involved in property transactions. Ensuring that the guideline value is correctly assessed can help avoid any legal complications 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 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 50 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Kamatchi Nagar?

The land classification for Kamatchi Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Kamatchi Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Kamatchi Nagar?

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