Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 875 per sq.ft, effective from 1 July 2024. This area is located in Sevilimadu - A village under the Kanchipuram Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has undergone several revisions. The oldest available figure is from 2017, where the guideline value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 875 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making Kamatchi Nagar's 2024 figure below that median.

• Kanniyamma Nagar: Rs 800 per sq.ft (2024)
• Jeeva Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 875 per sq.ft (2024)
• Krishna Nagar Extension: Rs 875 per sq.ft (2024)
• Iyyappa Nagar: Rs 1,100 per sq.ft (2024)
• Kumarakottam 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 rate of Rs 875 per sq.ft, the guideline value would be Rs 8,75,000. The stamp duty at 7% would amount to Rs 61,250, and the registration fee at 2% would be Rs 17,500, totaling Rs 78,750. Note that 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 Kamatchi Nagar area falls under the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 875 per sq.ft in 2024, marking an overall increase of 63%.

What is the stamp duty rate for properties in Kamatchi Nagar?

The stamp duty rate for properties in Kamatchi Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Kamatchi Nagar is the Kanchipuram Joint II SRO, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the median guideline value for streets in Sevilimadu - A?

The median guideline value for streets in Sevilimadu - A is Rs 1,100 per sq.ft, while Kamatchi Nagar's value is below this median at Rs 875 per sq.ft.