Guideline Value for Kamatchi nagar

Kamatchi nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kamatchi nagar has changed

The guideline value for Kamatchi Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 980%. However, it decreased to Rs 1,809 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 2,700 per sq.ft in 2023, and currently stands at Rs 2,970 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which means Kamatchi Nagar's current value is above this median.

• Kamatchi Nagar and Extn: Rs 2,970 per sq.ft (2024)
• Kamatchiamman Nagar: Rs 2,970 per sq.ft (2024)
• Kamaraj Street: Rs 2,970 per sq.ft (2024)
• Kambar Street: Rs 1,980 per sq.ft (2024)
• Kamaraj High Road: Rs 2,970 per sq.ft (2024)
• Kannadasan Street: Rs 2,310 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 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamatchi nagar?

The Kamatchi Nagar area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, thereby facilitating the legal transfer of ownership. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 1088% over the years.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, with Kamatchi Nagar's value being above this median.

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

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles property registrations for Kamatchi Nagar?

The Padappai Sub Registrar Office handles property registrations for Kamatchi Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.