Guideline Value for Sri Kamacthi Nagar

Sri Kamacthi Nagar guideline value

The current guideline value of Sri Kamacthi Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Kamacthi Nagar has changed

The guideline value for Sri Kamacthi Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged in the 2023 revision. In 2024, the value was revised to Rs 600 per sq.ft, marking a significant increase of 49% from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change, maintaining the value at Rs 600 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Sri Kamacthi Nagar is above this median.

• Sri Gajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Sivaji Street: Rs 400 per sq.ft (2024)
• Star Avenue: Rs 600 per sq.ft (2024)
• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Saran Singh Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamacthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty is calculated at 7%, totaling Rs 42,000, and the registration fee at 2% amounts to Rs 12,000, bringing the total charges to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Kamacthi Nagar?

The Sri Kamacthi Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Kamacthi Nagar?

The current guideline value of Sri Kamacthi Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, reflecting a 49% increase overall. There was no change between the 2023 and 2024 revisions.

What are the guideline values of other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B have varying guideline values, with rates ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

What is the stamp duty rate for properties in Sri Kamacthi Nagar?

The stamp duty rate for properties in Sri Kamacthi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Kamacthi Nagar?

The Sub Registrar Office covering Sri Kamacthi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.