Guideline Value for SRI KAMATCHI GARDENS

Sri Kamatchi Gardens guideline value

The current guideline value of Sri Kamatchi Gardens is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village and falls under the Pammal SRO. The land classification for this locality is Residential Special Type - V.

How the guideline value of Sri Kamatchi Gardens has changed

The guideline value of Sri Kamatchi Gardens has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value had not been specified for the previous years mentioned. The transition from Rs 3,000 in 2023 to Rs 3,300 in 2024 marks a significant change in the guideline value for this locality.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Sri Kamatchi Gardens above this median value.

• Sri Kamachi Garden Phase - II: Rs 3,300 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 880 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Avenue: Rs 880 per sq.ft (2024)
• Sri Raghavendhra Avenue: Rs 990 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamatchi Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Kamatchi Gardens?

The Sub Registrar Office that covers Sri Kamatchi Gardens 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 Thandalam

The guideline value plays a crucial role in the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is in accordance with the regulations set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Gardens?

The current guideline value of Sri Kamatchi Gardens is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Sri Kamatchi Gardens?

Sri Kamatchi Gardens is classified as Residential Special Type - V, which indicates its intended use for residential purposes.

What are the other streets in Thandalam with guideline values?

There are several other streets in Thandalam with varying guideline values, including Sri Kamachi Garden Phase - II at Rs 3,300 per sq.ft and Sri Ganesh Nagar at Rs 880 per sq.ft, among others.

Where is the Sub Registrar Office for Sri Kamatchi Gardens located?

The Sub Registrar Office for Sri Kamatchi Gardens is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.