Guideline Value for SRI KAMATCHI AMMAN NAGAR (TAI)

Sri Kamatchi Amman Nagar (Tai) guideline value

The current guideline value of Sri Kamatchi Amman Nagar (Tai) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Konathi village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Kamatchi Amman Nagar (Tai) has changed

Over the years, the guideline value of Sri Kamatchi Amman Nagar (Tai) has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 800 per sq.ft. This was followed by a decrease in 2017 to Rs 536 per sq.ft. In 2023, the value increased significantly to Rs 800 per sq.ft, and the latest revision in 2024 set it at Rs 880 per sq.ft, marking a 10% increase from the previous year.

The changes between the revisions highlight a 49% increase from 2017 to 2023. The overall change from 2012 to 2024 indicates a 10% increase, showcasing the fluctuations in the guideline value over the years. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Sri Kamatchi Amman Nagar (Tai) is above this median.

• Sri Kamatchi Nagar Extension (Tai): Rs 880 per sq.ft (2024)
• Sripuram (Val): Rs 880 per sq.ft (2024)
• Sri Ram Nagar (Val): Rs 880 per sq.ft (2024)
• Srm Nagar (Ward-20): Rs 1,320 per sq.ft (2024)
• Sheep Farm Road (Ward-21): Rs 660 per sq.ft (2024)
• Shanmugapriya Nagar (Ward-21): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamatchi Amman Nagar (Tai)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kamatchi Amman Nagar (Tai)?

The Sub Registrar Office that covers Sri Kamatchi Amman Nagar (Tai) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Konathi, as it determines the minimum price at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements. The guideline value serves as a benchmark for property transactions, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Amman Nagar (Tai)?

The current guideline value of Sri Kamatchi Amman Nagar (Tai) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration for this area?

The Chengleput Joint II Sub Registrar Office handles the registration for Sri Kamatchi Amman Nagar (Tai), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Sri Kamatchi Amman Nagar (Tai)?

Sri Kamatchi Amman Nagar (Tai) is classified as Residential Class I Type - II, indicating its suitability for residential development.