Guideline Value for SRI KAMATCHI NAGAR EXTENSION (TAI)

Sri Kamatchi Nagar Extension (Tai) guideline value

The current guideline value for Sri Kamatchi Nagar Extension (Tai) is Rs 881 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

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

The guideline value for Sri Kamatchi Nagar Extension (Tai) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and then further rose to Rs 881 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value dropped by 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making the current value of Sri Kamatchi Nagar Extension (Tai) above this median.

• Sri Kamatchi Amman Nagar (Tai): Rs 881 per sq.ft (2024)
• Sripuram (Val): Rs 881 per sq.ft (2024)
• Sri Ram Nagar (Val): Rs 881 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 Nagar Extension (Tai)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, making the total charges Rs 79,290. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

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

The Sri Kamatchi Nagar Extension (Tai) area is covered by 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thailavaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value for Sri Kamatchi Nagar Extension (Tai)?

The current guideline value for Sri Kamatchi Nagar Extension (Tai) is Rs 881 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 to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Sri Kamatchi Nagar Extension (Tai) is Residential Class I Type - II.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 61,670 based on the guideline value of Rs 8,81,000.