Guideline Value for Sri Kamacthi Nagar

Sri Kamacthi Nagar guideline value

The current guideline value of Sri Kamacthi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Kamacthi Nagar has changed

The guideline value for Sri Kamacthi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 250 per sq.ft, down from Rs 300 per sq.ft in 2023, marking a decrease of 17%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2024 revision, the 2023 figure was Rs 300 per sq.ft. The guideline value has been consistent at Rs 250 per sq.ft in 2024, aligning with the median value of Rs 250 per sq.ft for other streets in Nemili_B under the Sriperumpudur SRO.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which is the same as the guideline value for Sri Kamacthi Nagar. Below are the guideline values for other streets in Nemili_B:

• Sri Kamatchi Nagar: Rs 200 per sq.ft (2024)
• Sri Karpaga Vinayaga Nagar Part-1: Rs 1,000 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Nagar: Rs 200 per sq.ft (2024)
• Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 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 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the 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 further 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 details.

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

The guideline value is a crucial factor in property transactions in Nemili_B, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating taxes and fees. It is essential to consult the guideline value register to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Kamacthi Nagar?

The current guideline value of Sri Kamacthi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 250 per sq.ft in 2024, a decrease of 17%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Nemili_B?

Other streets in Nemili_B have varying guideline values, with Sri Karpaga Vinayaga Nagar Part-1 at Rs 1,000 per sq.ft, and Sri Kumaran Nagar at Rs 300 per sq.ft, among others. The median value for the area is Rs 250 per sq.ft.

How is stamp duty calculated for properties in Sri Kamacthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500.

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. You can find more information by visiting the relevant link.