Guideline Value for SRI KAMATCHI NAGAR

Sri Kamatchi Nagar guideline value

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

How the guideline value of Sri Kamatchi Nagar has changed

The guideline value for Sri Kamatchi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as there was no change from 2023 to 2024.

Guideline values in Anupampattu

Anupampattu village has a total of 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sri Kamatchi Nagar is equal to this median.

• Sri Kamatchi Amman 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 more details.

Which Sub Registrar Office covers Sri Kamatchi Nagar?

The Sub Registrar Office that covers Sri Kamatchi Nagar is 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 plays a crucial role in the registration process when buying or selling property in Anupampattu. It is used to determine the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in accordance with the prescribed rates. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, reflecting a 49% increase over that period.

What is the land classification of Sri Kamatchi Nagar?

Sri Kamatchi Nagar falls under the Residential Class II Type - I land classification.

Where can I find the registration office for Sri Kamatchi Nagar?

The registration office for Sri Kamatchi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

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