Guideline Value for Sri Kamakshi Nagar

Sri Kamakshi Nagar guideline value

The current guideline value of Sri Kamakshi Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Moulivakkam village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Kamakshi Nagar has changed

The guideline value for Sri Kamakshi Nagar has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 2,200 per sq.ft. This figure remained until 2017, when it dropped to Rs 1,474 per sq.ft, a decrease of 33%. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and then further rose to Rs 2,450 per sq.ft in 2024, marking an 11% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft, with a median value of Rs 2,450 per sq.ft. The guideline value of Sri Kamakshi Nagar matches this median.

• Sri Kamatchi Amman Nagar: Rs 2,450 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 2,650 per sq.ft (2024)
• Sri Murugan Nagar: Rs 2,450 per sq.ft (2024)
• Srinivasapuram: Rs 2,450 per sq.ft (2024)
• Sri Ranga Nagar: Rs 2,450 per sq.ft (2024)
• Sri Sairam Avenue , Sathyanarayanapuram: Rs 2,450 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamakshi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, making the total cost Rs 2,20,500. 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 more details.

Which Sub Registrar Office covers Sri Kamakshi Nagar?

Sri Kamakshi Nagar falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moulivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a transaction.

When a property is registered, the authorities will assess either the sale price or the guideline value, whichever is higher, to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value of Sri Kamakshi Nagar?

The current guideline value of Sri Kamakshi Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 in 2023, and finally to Rs 2,450 in 2024.

What is the median guideline value in Moulivakkam?

The median guideline value in Moulivakkam is Rs 2,450 per sq.ft, which is the same as the current value for Sri Kamakshi Nagar.

What are the stamp duty and registration fees for property in Sri Kamakshi Nagar?

For a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 and the registration fee would be Rs 49,000, totaling Rs 2,20,500.

Which office handles property registrations in Sri Kamakshi Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sri Kamakshi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.