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 Vallancheri 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

The guideline value for Sri Kamatchi Amman Nagar (Tai) has seen several revisions over the years. The earliest available figure is from 2012, where it was Rs 800 per sq.ft. This value remained the same until the 2017 revision, which saw a decrease to Rs 536 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing the guideline value of Sri Kamatchi Amman Nagar (Tai) above this median.

• Sri Kamatchi Nagar Extension (Tai): Rs 880 per sq.ft (2024)
• Sripuram (Val): Rs 880 per sq.ft (2024)
• Sree Seshathri Hill View Phase - II: Rs 1,650 per sq.ft (2024)
• Sri Ram Nagar (Val): Rs 880 per sq.ft (2024)
• Sri Sai Avenue -III: Rs 660 per sq.ft (2024)
• Srm Nagar (Ward-20): Rs 1,320 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 would be Rs 8,80,000. The stamp duty at 7% would amount to 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 and the sale price. For more information, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value is a crucial factor when buying or selling property in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements during property transactions.

When a property is registered, the guideline value helps establish the minimum value at which the property can be sold. This ensures that the government receives the appropriate revenue from property transactions, as the stamp duty is calculated based on the higher of the guideline value or the sale price.

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

Sri Kamatchi Amman Nagar (Tai) is classified as Residential Class I Type - II.

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 Sub Registrar Office covers this area?

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