Guideline Value for SRI KAMALADEVI NAGAR

Sri Kamaladevi Nagar guideline value

The current guideline value of Sri Kamaladevi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village under the Pammal SRO and is classified as Residential Class III Type - II.

How the guideline value of Sri Kamaladevi Nagar has changed

Over the years, the guideline value for Sri Kamaladevi Nagar has seen significant changes. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. In the latest 2024 revision, the guideline value rose to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value is Rs 2,200 per sq.ft, placing the guideline value of Sri Kamaladevi Nagar below this median.

• Sri Kumaran Nagar: Rs 1,980 per sq.ft (2024)
• Sri Lakshmi Nagar Extn.: Rs 2,750 per sq.ft (2024)
• Sri Lakshmi Nagar (ward 5): Rs 2,750 per sq.ft (2024)
• Sri Puram: Rs 1,980 per sq.ft (2024)
• Smk Maansarovar Nagar: Rs 2,200 per sq.ft (2024)
• Sivasakthi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamaladevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Sri Kamaladevi Nagar?

The Sub Registrar Office that covers Sri Kamaladevi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kerugambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling a property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Kamaladevi Nagar?

The current guideline value of Sri Kamaladevi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Kerugambakkam?

The median guideline value in Kerugambakkam is Rs 2,200 per sq.ft for the year 2024. Sri Kamaladevi Nagar's guideline value is below this median.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for Sri Kamaladevi Nagar?

The Sub Registrar Office for Sri Kamaladevi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information through the provided link.