Guideline Value for Kameshwari Nagar

Kameshwari Nagar guideline value

The current guideline value of Kameshwari Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Kameshwari Nagar has changed

The guideline value for Kameshwari Nagar has undergone several revisions over the years. In 2002, the value was Rs 78 per sq.ft, which increased to Rs 328 per sq.ft in 2007, marking a significant rise of 321%. The value then saw a substantial jump to Rs 1,500 per sq.ft in 2012, reflecting an increase of 357%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, showing a decline of 33%. The guideline value remained at Rs 1,500 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 1,823%. It is important to note that the register has no figure for Kameshwari Nagar in 2003.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the 2024 figure for Kameshwari Nagar.

• Kamarajapuram: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar Extn: Rs 1,500 per sq.ft (2024)
• Karthik Nagar: Rs 1,000 per sq.ft (2024)
• Karunanidhi Nagar: Rs 1,500 per sq.ft (2024)
• K.K. Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kameshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 more details.

Which Sub Registrar Office covers Kameshwari Nagar?

The Sub Registrar Office that covers Kameshwari Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kameshwari Nagar?

The current guideline value of Kameshwari Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 78 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2012, then decreasing to Rs 1,005 per sq.ft in 2017, and remaining at Rs 1,500 per sq.ft in 2023 and 2024.

What is the land classification for Kameshwari Nagar?

Kameshwari Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 and a registration fee of Rs 30,000.

Where is the Sub Registrar Office for Kameshwari Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.