Guideline Value for SRI KAMAKSHI AMMAN NAGAR

Sri Kamakshi Amman Nagar guideline value

The current guideline value of Sri Kamakshi Amman Nagar is Rs 1,655 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class V Type - V.

How the guideline value of Sri Kamakshi Amman Nagar has changed

In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2023 revision, where it was set at Rs 1,505 per sq.ft. The most recent revision in 2024 saw an increase to Rs 1,655 per sq.ft, marking a 10% rise from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The change from 2023 to 2024 reflects a 10% increase, showcasing the adjustments made in the latest revision.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for the village is Rs 1,540 per sq.ft, and Sri Kamakshi Amman Nagar's 2024 figure is above this median.

• Sri Devi Nagar: Rs 1,430 per sq.ft (2024)
• Srinivasa Nagar: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,815 per sq.ft (2024)
• Sri Ambal Nagar Lakshmi Avenue: Rs 1,540 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,540 per sq.ft (2024)
• Sokkammal Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamakshi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,655 per sq.ft, the total guideline value would be Rs 16,55,000. The stamp duty at 7% would amount to Rs 1,15,850, and the registration fee at 2% would be Rs 33,100, resulting in a total of Rs 1,48,950. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kamakshi Amman Nagar?

The Sub Registrar Office that covers Sri Kamakshi Amman Nagar is 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 Chennerkuppam

The guideline value is a crucial factor in the registration process for property transactions in Chennerkuppam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value influences the stamp duty and registration fees that must be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Kamakshi Amman Nagar?

The current guideline value of Sri Kamakshi Amman Nagar is Rs 1,655 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,500 per sq.ft in 2017 to Rs 1,655 per sq.ft in 2024, a total increase of 10%. There was a minor increase to Rs 1,505 per sq.ft in 2023.

What is the land classification for Sri Kamakshi Amman Nagar?

Sri Kamakshi Amman Nagar is classified as Residential Class V Type - V, indicating its designation for residential purposes.

Which Sub Registrar Office handles registrations for this area?

The Kunrathur Sub Registrar Office handles registrations for Sri Kamakshi Amman Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,55,000 would incur a stamp duty of Rs 1,15,850.