Guideline Value for Kamathenu Farms

Kamathenu Farms guideline value

The current guideline value of Kamathenu Farms is Rs 175 per sq.ft, effective from 1 July 2024. This property is located in Nandimedu village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Kamathenu Farms has changed

Over the years, the guideline value for Kamathenu Farms has seen several revisions. The 2024 revision maintains the value at Rs 175 per sq.ft, consistent with the 2023 revision. Prior to that, in 2017, the value was Rs 117 per sq.ft, indicating a 50% increase from the 2017 figure to the 2023 figure. The 2012 revision also set the value at Rs 175 per sq.ft, which shows a decrease of 33% from the previous 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 175 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the most recent revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Nandimedu

Nandimedu village has a range of guideline values for its streets, with figures for 2024 varying from Rs 175 to Rs 250 per sq.ft. The median value for the streets in Nandimedu is Rs 191 per sq.ft, placing Kamathenu Farms below this median.

• Mariamman koil kuruku street: Rs 175 per sq.ft (2024)
• Mariamman koil street: Rs 175 per sq.ft (2024)
• Devi Green Farms: Rs 175 per sq.ft (2024)
• Pallikuda Theru: Rs 250 per sq.ft (2024)
• Periya Theru: Rs 250 per sq.ft (2024)
• Perumal koil street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamathenu Farms

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. Note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamathenu Farms?

The Kamathenu Farms property falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nandimedu, this value is used to calculate the stamp duty and registration fees, ensuring compliance with the local regulations.

Additionally, the guideline value helps in assessing the property's worth during the registration process, providing a standardized measure for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Kamathenu Farms?

The current guideline value for Kamathenu Farms is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kamathenu Farms has remained at Rs 175 per sq.ft from 2012 to 2024, with a notable increase from Rs 117 per sq.ft in 2017 to Rs 175 per sq.ft in 2023.

What is the registration office for Kamathenu Farms?

The registration office for Kamathenu Farms is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kamathenu Farms?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,75,000, the stamp duty at 7% would amount to Rs 12,250.

Are there other streets in Nandimedu with different guideline values?

Yes, there are several other streets in Nandimedu with varying guideline values ranging from Rs 175 to Rs 250 per sq.ft, with Kamathenu Farms being at Rs 175 per sq.ft.