Guideline Value for SREE KAMATCHI NAGAR

Sree Kamatchi Nagar guideline value

The current guideline value of Sree Kamatchi Nagar is Rs 170 per sq.ft, effective from 1 July 2024. This area is located in Eagattur village and falls under the Manavalanagar SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Sree Kamatchi Nagar has changed

In the 2024 revision, the guideline value for Sree Kamatchi Nagar was set at Rs 170 per sq.ft. The previous 2023 revision also recorded the same value of Rs 170 per sq.ft, indicating no change between these two years. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Since there are no figures for the earlier revisions, we can only confirm the values from 2023 and 2024. The consistent figure of Rs 170 per sq.ft in these two revisions suggests stability in the guideline value for this street.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 330 per sq.ft, with a median value of Rs 190 per sq.ft. The guideline value of Sree Kamatchi Nagar is below this median.

• Sri Bhavani Amman Nagar: Rs 154 per sq.ft (2024)
• Sri Ganapathypuram: Rs 200 per sq.ft (2024)
• Sri Ganapathypuram Phase I: Rs 154 per sq.ft (2024)
• Sri Radhakrishna Nagar: Rs 154 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 154 per sq.ft (2024)
• Thirumalai Nagar: Rs 190 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Kamatchi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 170 per sq.ft, the guideline value amounts to Rs 1,70,000. The stamp duty at 7% would be Rs 11,900, and the registration fee at 2% would be Rs 3,400, totaling Rs 15,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sree Kamatchi Nagar?

The Sub Registrar Office that covers Sree Kamatchi Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Eagattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for both buyers and sellers to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Sree Kamatchi Nagar?

The current guideline value of Sree Kamatchi Nagar is Rs 170 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sree Kamatchi Nagar has remained at Rs 170 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Eagattur?

Other streets in Eagattur have varying guideline values ranging from Rs 100 to Rs 330 per sq.ft. The median value for these streets is Rs 190 per sq.ft, while Sree Kamatchi Nagar's value is below this median.

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

Stamp duty for properties in Sree Kamatchi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 11,900.

Where is the Sub Registrar Office for Sree Kamatchi Nagar located?

The Sub Registrar Office for Sree Kamatchi Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. This office handles all registration processes for properties in the area.