Guideline Value for Sri Kamatchi Amman Nagar Annexe

Sri Kamatchi Amman Nagar Annexe guideline value

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

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

The guideline value for Sri Kamatchi Amman Nagar Annexe has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that 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 with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, placing Sri Kamatchi Amman Nagar Annexe's 2024 figure above this median.

• Sri Kamatchi Amman Nagar Annexe II: 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

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

Which Sub Registrar Office covers Sri Kamatchi Amman Nagar Annexe?

The Sub Registrar Office that covers Sri Kamatchi Amman Nagar Annexe is 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 plays a crucial role during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher value between the guideline value and the actual sale price of the property.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

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

Sri Kamatchi Amman Nagar Annexe is classified as Residential Special Type - I.

Where can I find the registration office for this area?

The registration office for Sri Kamatchi Amman Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sri Kamatchi Amman Nagar Annexe?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.