Guideline Value for SRI KAMATCHI NAGAR EXTENSION (TAI)

Sri Kamatchi Nagar Extension (Tai) guideline value

The current guideline value of Sri Kamatchi Nagar Extension (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 Nagar Extension (Tai) has changed

Looking at the revisions over the years, the guideline value for Sri Kamatchi Nagar Extension (Tai) was Rs 800 per sq.ft in 2023, which was an increase from Rs 536 per sq.ft in 2017. The 2012 revision also had a value of Rs 800 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Vallancheri

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

• Sri Kamatchi Amman Nagar (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 Nagar Extension (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, while the registration fee at 2% would be Rs 17,600, leading to a total of Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Sri Kamatchi Nagar Extension (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 Vallancheri

The guideline value is a crucial factor in the registration process of property transactions in Vallancheri. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher value is used to determine the applicable duties. This ensures that the government collects the appropriate revenue from property transactions based on established rates.

Frequently asked questions

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

The current guideline value of Sri Kamatchi Nagar Extension (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 2023 to Rs 880 per sq.ft in 2024, marking a 10% increase. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012, showing various fluctuations over the years.

What are the other streets in Vallancheri with similar guideline values?

Other streets in Vallancheri with a guideline value of Rs 880 per sq.ft in 2024 include Sri Kamatchi Amman Nagar (Tai), Sripuram (Val), and Sri Ram Nagar (Val).

What fees are associated with buying property in Sri Kamatchi Nagar Extension (Tai)?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 79,200.

Where can I find the Sub Registrar Office for Sri Kamatchi Nagar Extension (Tai)?

The Sub Registrar Office for Sri Kamatchi Nagar Extension (Tai) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.