Guideline Value for Kamatchi Nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar, located in Kadaperi village, under the Tambaram Joint 1 SRO, is Rs 2,750 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 850 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking a rise of 194%. However, it then decreased to Rs 1,675 per sq.ft in 2017, which was a reduction of 33%. The value continued to increase, reaching Rs 2,500 per sq.ft in 2023, and then rising again to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 224%. The jump from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024 represents a substantial increase of 49% over this period.

Guideline values in Kadaperi

Kadaperi village comprises 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, positioning Kamatchi Nagar's 2024 figure above this median.

• Kamarajar Nagar (North)Amarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• Kannadapalayam Road: Rs 1,650 per sq.ft (2024)
• Kamachi Nagar 3rd Cross St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 2-nd St: Rs 2,750 per sq.ft (2024)
• Kamachi Nagar 1-st St: Rs 2,750 per sq.ft (2024)
• Kalyana Sundaram Street: Rs 1,320 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. 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 further calculations.

Which Sub Registrar Office covers Kamatchi Nagar?

The Sub Registrar Office that covers Kamatchi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two will be used to calculate the stamp duty and registration fees, ensuring compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 224% over this period.

What is the land classification of Kamatchi Nagar?

Kamatchi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your potential fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office handles registrations for Kamatchi Nagar?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kamatchi Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.