Guideline Value for Sri Kamatchi Amman Nagar Annexe II

Sri Kamatchi Amman Nagar Annexe II guideline value

The current guideline value of Sri Kamatchi Amman Nagar Annexe II is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Kamatchi Amman Nagar Annexe II has changed

The guideline value for Sri Kamatchi Amman Nagar Annexe II has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%, leading to an overall increase of 64% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Sri Kamatchi Amman Nagar Annexe II is above this median.

• Sri Kamatchi Amman Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Sri Kamatchi Avenue: Rs 2,200 per sq.ft (2024)
• Sri Kali Amman Nagar Extension: Rs 1,980 per sq.ft (2024)
• Sri Iyyappan Nagar: Rs 1,480 per sq.ft (2024)
• Sri Krishna Nagar: Rs 2,750 per sq.ft (2024)
• Sri Guru Avenue: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamatchi Amman Nagar Annexe II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kamatchi Amman Nagar Annexe II?

The Sri Kamatchi Amman Nagar Annexe II falls under the jurisdiction of 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 Mangadu -A

The guideline value is a crucial factor in property transactions in Mangadu -A, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set forth by the state.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Amman Nagar Annexe II?

The current guideline value of Sri Kamatchi Amman Nagar Annexe II is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Sri Kamatchi Amman Nagar Annexe II?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Sri Kamatchi Amman Nagar Annexe II, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Kamatchi Amman Nagar Annexe II?

Sri Kamatchi Amman Nagar Annexe II is classified as Residential Special Type - I, indicating its suitability for residential purposes.