Guideline Value for Kammalar Nagar

Kammalar Nagar guideline value

The current guideline value of Kammalar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village under the Sriperumpudur SRO and falls under Residential Class III Type - I land classification.

How the guideline value of Kammalar Nagar has changed

The guideline value for Kammalar Nagar has remained steady at Rs 200 per sq.ft in both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,254 per sq.ft, with a median value of Rs 300 per sq.ft. Kammalar Nagar's guideline value is below this median.

• Joy Garden: Rs 400 per sq.ft (2024)
• Jasmine Nagar: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 200 per sq.ft (2024)
• Guberan Nagar Part - II: Rs 840 per sq.ft (2024)
• Guberan Nagar: Rs 1,254 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kammalar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kammalar Nagar?

The Kammalar Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is a crucial factor during property registration in Pillaippakkam-A. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it can affect the overall costs incurred during the registration process.

Frequently asked questions

What is the current guideline value of Kammalar Nagar?

The current guideline value of Kammalar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, while it was Rs 134 per sq.ft in 2017, reflecting a 49% increase from 2017 to 2023.

What are the other streets in Pillaippakkam-A?

Other streets in Pillaippakkam-A include Joy Garden, Jasmine Nagar, Kulakkarai Street, Guberan Nagar Part - II, Guberan Nagar, and Mahalakshmi Nagar, with varying guideline values.

What is the stamp duty for property in Kammalar Nagar?

The stamp duty for property in Kammalar Nagar is calculated at 7% of the guideline value. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Which office do I need to visit for registration in Kammalar Nagar?

The Sriperumpudur Sub Registrar Office covers Kammalar Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.