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 street is located in Nemili_B village under the Sriperumpudur 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 for Kamatchi Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 250 per sq.ft, a decrease of 17% from the 2023 revision, which was Rs 300 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for Kamatchi Nagar had not been recorded in the register for the years mentioned. This means that the only available figures are from 2023 and the current 2024 revision.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is the same as the current value for Kamatchi Nagar.

• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kannammal Nagar: Rs 200 per sq.ft (2024)
• Karanthangal Road(bangaluru main road to prince residentia): Rs 1,000 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Karthik Nagar: Rs 200 per sq.ft (2024)
• Johnsirani Street: Rs 150 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 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling 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 also use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Nemili_B. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented according to the prevailing rates in the area.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline values.

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 for Kamatchi Nagar was Rs 300 per sq.ft in 2023 and has decreased by 17% to Rs 250 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Nemili_B and their guideline values?

Other streets in Nemili_B include Kamarajar Street, Kannammal Nagar, Karanthangal Road, Kakkan Street, Karthik Nagar, and Johnsirani Street, with guideline values ranging from Rs 150 to Rs 1,000 per sq.ft in 2024.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. The duty is based on the higher of the guideline value or the sale price.

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.