Guideline Value for SRI KAMADHENU NAGAR

Sri Kamadhenu Nagar guideline value

The current guideline value of Sri Kamadhenu Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village under the Kunrathur SRO, classified as Residential Class II Type - IV.

How the guideline value of Sri Kamadhenu Nagar has changed

Over the years, the guideline value for Sri Kamadhenu Nagar has seen several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which was an increase from the previous figures. The latest revision in 2024 has raised this amount to Rs 2,200 per sq.ft, reflecting a change of +10% from the 2023 figure.

In summary, the guideline values for Sri Kamadhenu Nagar have changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. This increase indicates the current valuation trends for this locality.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Sri Kamadhenu Nagar's 2024 figure above that median.

• Sri Dhanalakshmi Nagar: Rs 880 per sq.ft (2024)
• Srinivasa Nagar: Rs 880 per sq.ft (2024)
• Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,320 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 885 per sq.ft (2024)
• Sree Kamatchi Amman Nagar: Rs 2,460 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamadhenu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Kamadhenu Nagar?

The Sub Registrar Office that covers Sri Kamadhenu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kannampalayam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Kamadhenu Nagar?

The current guideline value of Sri Kamadhenu Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a +10% increase.

What is the land classification of Sri Kamadhenu Nagar?

Sri Kamadhenu Nagar is classified as Residential Class II Type - IV.

What are the stamp duty and registration fees for properties in Sri Kamadhenu Nagar?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.