Guideline Value for SRI KAMATCHI AMMAN NAGAR

Sri Kamatchi Amman Nagar guideline value

The current guideline value of Sri Kamatchi Amman Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Anupampattu village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Kamatchi Amman Nagar has changed

The guideline value for Sri Kamatchi Amman Nagar has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 250 per sq.ft, which was increased to Rs 300 per sq.ft in the 2024 revision, marking a change of +20%.

With the 2024 revision, the current guideline value aligns with the median value of Rs 300 per sq.ft among the 42 streets in Anupampattu under the Ponneri SRO, which have figures ranging from Rs 300 to Rs 500 per sq.ft.

Guideline values in Anupampattu

In Anupampattu, the guideline values for various streets reflect a range of Rs 300 to Rs 500 per sq.ft, with the median being Rs 300 per sq.ft. Sri Kamatchi Amman Nagar's 2024 figure matches this median.

• Sri Kamatchi Nagar: Rs 300 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 300 per sq.ft (2024)
• Sri Mehar Baba Nagar: Rs 300 per sq.ft (2024)
• Srinivasan Nagar: Rs 300 per sq.ft (2024)
• Sri Amman Nagar: Rs 300 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Kamatchi Amman Nagar?

The Sri Kamatchi Amman Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Anupampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sri Kamatchi Amman Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Kamatchi Amman Nagar was Rs 250 per sq.ft in 2023 and increased to Rs 300 per sq.ft in 2024, marking a +20% change. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Kamatchi Amman Nagar?

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

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions in the area.

How is the stamp duty calculated for property in Sri Kamatchi Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.