Guideline Value for Kamatchiamman Nagar

Kamatchiamman Nagar guideline value

The current guideline value of Kamatchiamman Nagar is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Kamatchiamman Nagar has changed

Over the years, the guideline value of Kamatchiamman Nagar has seen significant changes. The 2007 revision recorded a value of Rs 250 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 980%. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a drop of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 2,970 per sq.ft, an increase of 10% from the previous year.

The register shows no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1088%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Kamatchiamman Nagar's 2024 figure above this median.

• Kamatchi nagar: Rs 2,970 per sq.ft (2024)
• Kamatchi Nagar and Extn: 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)
• Kamarajar Salai: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty, calculated at 7%, would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total cost 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamatchiamman Nagar?

The Sub Registrar Office that covers Kamatchiamman Nagar is 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 details.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for pricing, and both buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kamatchiamman Nagar?

The current guideline value of Kamatchiamman 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 from Rs 250 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 1088% over the years.

What is the land classification of Kamatchiamman Nagar?

Kamatchiamman Nagar is classified as Commercial Class I Type - II.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 29,70,000, with stamp duty at Rs 2,07,900 and registration fee at Rs 59,400, totaling Rs 2,67,300.

Which Sub Registrar Office covers Kamatchiamman Nagar?

The Padappai Sub Registrar Office covers Kamatchiamman Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.