Guideline Value for SREE KAMATCHI AMMAN NAGAR

Sree Kamatchi Amman Nagar guideline value

The current guideline value of Sree Kamatchi Amman Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality is situated in Mangadu -A, under the Kunrathur SRO, and is classified as Mixed Type - III.

How the guideline value of Sree Kamatchi Amman Nagar has changed

The guideline value for Sree Kamatchi Amman Nagar has seen several revisions over the years. The most recent figure is Rs 3,300 per sq.ft from the 2024 revision, which reflects an increase of 10% from the 2023 revision of Rs 3,000 per sq.ft. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for Sree Kamatchi Amman Nagar in the revisions from 2017, 2012, 2007, 2003, and 2002. This indicates a significant update in the valuation for the area, with the 2024 rate being notably higher than the previous year.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. Sree Kamatchi Amman Nagar's 2024 guideline value is above this median.

• Sri Ambal City I: Rs 2,200 per sq.ft (2024)
• Sri Ambal Gajalakshmi Nagar Phase I to IV: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Extension I to VIII: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Manali Ramakrishna Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Manali Ramakrishna Avenue Phase II: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Venkateswara Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Kamatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Kamatchi Amman Nagar?

The Sree Kamatchi Amman Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sree Kamatchi Amman Nagar?

The current guideline value of Sree Kamatchi Amman Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 10% from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024.

What is the land classification of Sree Kamatchi Amman Nagar?

Sree Kamatchi Amman Nagar is classified as Mixed Type - III according to the land classification guidelines.

Where can I find the registration office for Sree Kamatchi Amman Nagar?

The registration office for Sree Kamatchi Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sree Kamatchi Amman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.