Guideline Value for Sir Kamakoti Ambal Nagar

Sir Kamakoti Ambal Nagar guideline value

The current guideline value of Sir Kamakoti Ambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in the 2nd Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - II.

How the guideline value of Sir Kamakoti Ambal Nagar has changed

The guideline value for Sir Kamakoti Ambal Nagar has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 has raised it to Rs 1,100 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%, and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in 2nd Division

In the 2nd Division village, there are 101 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Sir Kamakoti Ambal Nagar below this median.

• Singaperumal Vadakkum Mada Street: Rs 1,100 per sq.ft (2024)
• Singaperumal Thendai Mada Veethi: Rs 1,100 per sq.ft (2024)
• Singaperumal Sanathi Street: Rs 1,100 per sq.ft (2024)
• Singaperumal Mada Veethi: Rs 2,750 per sq.ft (2024)
• Singaperumal Keelandai Mada Street: Rs 1,100 per sq.ft (2024)
• Sekkupet Vadaku Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sir Kamakoti Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sir Kamakoti Ambal Nagar?

The Sub Registrar Office that covers Sir Kamakoti Ambal Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

When buying or selling property in Sir Kamakoti Ambal Nagar, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Proper understanding of this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sir Kamakoti Ambal Nagar?

The current guideline value of Sir Kamakoti Ambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Sir Kamakoti Ambal Nagar?

Sir Kamakoti Ambal Nagar is classified as Residential Class II Type - II.

What is the median guideline value for streets in 2nd Division?

The median guideline value for streets in the 2nd Division is Rs 1,650 per sq.ft, which is higher than the current value of Sir Kamakoti Ambal Nagar.

Where can I find the Sub Registrar Office for Sir Kamakoti Ambal Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Sir Kamakoti Ambal Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.