Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village under the Sriperumpudur SRO, classified as 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. In 2007, the value was Rs 110 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a significant rise of 127%. However, in 2017, the value dropped to Rs 167 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 250 per sq.ft, with no change from the previous year.

From 2017 to 2023, the guideline value increased by 50%, and the latest revision in 2024 again holds the value at Rs 250 per sq.ft, showing no change from 2023. Overall, from 2007 to 2024, the guideline value has increased by 127%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median value in this area is Rs 250 per sq.ft, placing Kamatchi Nagar's 2024 figure at the median level.

• Karthik Nagar: Rs 250 per sq.ft (2024)
• Jeyalaxmi Nagar: Rs 300 per sq.ft (2024)
• Jasmine Sri Ganesh Nagar: Rs 500 per sq.ft (2024)
• Kulakkarai Street: Rs 200 per sq.ft (2024)
• Indira Nagar: Rs 200 per sq.ft (2024)
• Highways Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and has remained at Rs 250 per sq.ft since 2023.

What is the median guideline value in Mannoor?

The median guideline value in Mannoor is Rs 250 per sq.ft, which is the same as the current value for Kamatchi Nagar.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

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

The Sub Registrar Office for Kamatchi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.