Guideline Value

Corporate

Guideline Value for Kamatchi Nagar

₹825/sq.ft.

The guideline value for Kamatchi Nagar in Kavulbazaar village (Pammal SRO, Chengalpattu zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kavulbazaar

Village

Pammal

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kamatchi Nagar

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Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar, located in Kavulbazaar village under the Pammal SRO, is Rs 825 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II 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 2017 revision set the value at Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kavulbazaar

Kavulbazaar village has a range of guideline values across its 44 streets under the Pammal SRO, with values varying from Rs 825 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, which is the same as the current guideline value for Kamatchi Nagar.

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty, calculated at 7%, would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500. Therefore, the total cost for stamp duty and registration would be Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchi Nagar?

The Sub Registrar Office that covers Kamatchi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kavulbazaar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate stamp duty and registration fees based on this value.

When buying or selling property in the area, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Kavulbazaar with the same guideline value?

Other streets in Kavulbazaar with the same guideline value of Rs 825 per sq.ft include Kamarajar Street, Kalaignar Street, Kalaignar Salai, Mahalakshmi Nagar, and Mangaliamman Koil Street.

How is stamp duty calculated for properties in Kamatchi Nagar?

Stamp duty for properties in Kamatchi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 57,750.

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

The Sub Registrar Office for Kamatchi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the relevant link.