Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamatchi Nagar has changed

Over the years, the guideline value of Kamatchi Nagar has seen several revisions. The 2007 revision set the guideline value at Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 220%. However, in 2017, the value decreased to Rs 536 per sq.ft, a decline of 33%. The subsequent revisions saw an increase to Rs 800 per sq.ft in 2023, followed by the current value of Rs 880 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision of Rs 536 per sq.ft to the 2023 revision of Rs 800 per sq.ft, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 252%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with the median being Rs 880 per sq.ft. The guideline value for Kamatchi Nagar aligns perfectly with this median.

• Kammal Street @ Bangaramman Street: Rs 800 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)
• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)
• Jeevanantham Nagar: Rs 880 per sq.ft (2024)
• K.M.Avenue: Rs 880 per sq.ft (2024)
• K.M.V.Nagar: Rs 880 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 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 Kanchipuram Joint IV Sub Registrar Office covers Kamatchi Nagar. The office is 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 Ist Division

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official value set by the government.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 880 per sq.ft in 2024, reflecting a total increase of 252% over the years.

What are the other streets in Ist Division with their guideline values?

Other streets in Ist Division include Kammal Street @ Bangaramman Street at Rs 800 per sq.ft, Kathiri Street @ Velathamman Koil Street at Rs 1,100 per sq.ft, and others with various rates up to Rs 1,650 per sq.ft.

Where is the Kanchipuram Joint IV Sub Registrar Office located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.