Guideline Value for Kamathenu Nagar Extension

Kamathenu Nagar Extension guideline value

The current guideline value of Kamathenu Nagar Extension is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Melpakkam village under the Kunrathur SRO, classified as Mixed Type - III.

How the guideline value of Kamathenu Nagar Extension has changed

In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,650 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 1,650 per sq.ft is a significant increase compared to the previous revisions.

Guideline values in Melpakkam

In Melpakkam, there are 17 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,105 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, and Kamathenu Nagar Extension's 2024 figure is above this median.

• Kamadhenu Avenue - II: Rs 1,540 per sq.ft (2024)
• Kamadhenu Avenue - I: Rs 1,540 per sq.ft (2024)
• Nakshatra Garden: Rs 4,105 per sq.ft (2024)
• Ashok Nandhavanam: Rs 1,540 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)
• Royal Assets: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Kamathenu Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamathenu Nagar Extension?

The Kamathenu Nagar Extension falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

When buying or selling property in Melpakkam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in better financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Kamathenu Nagar Extension?

The current guideline value of Kamathenu Nagar Extension is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase over this period.

What is the median guideline value in Melpakkam?

The median guideline value for streets in Melpakkam is Rs 1,540 per sq.ft, with Kamathenu Nagar Extension's value being above this median.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers the Kamathenu Nagar Extension area.