Guideline Value for Sri Kamatchi Amman Nagar

Sri Kamatchi Amman Nagar guideline value

The current guideline value of Sri Kamatchi Amman Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Kamatchi Amman Nagar has changed

The guideline value for Sri Kamatchi Amman Nagar has undergone several revisions over the years. The most recent revisions show that the 2024 figure is Rs 500 per sq.ft, which remains the same as the 2023 revision. In the 2017 revision, the guideline value was Rs 335 per sq.ft, indicating a significant increase of 49% to reach the 2023 value. The 2012 revision also had a figure of Rs 500 per sq.ft, which represents a decrease of 33% from the 2017 revision. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The absence of data from these years means we cannot analyze any changes that may have occurred during that time.

Guideline values in Kavanur

In Kavanur, there are a total of 109 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing the guideline value of Sri Kamatchi Amman Nagar below this median.

• Sri KannanNagar: Rs 800 per sq.ft (2024)
• Sri Jayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Sri Karumariamman Nagar: Rs 600 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -IV: Rs 804 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -III: Rs 800 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -I: Rs 800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost to Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kamatchi Amman Nagar?

The Sub Registrar Office that covers Sri Kamatchi Amman Nagar is the Gooduvancheri Sub Registrar Office. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sri Kamatchi Amman Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a significant increase from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What is the land classification of Sri Kamatchi Amman Nagar?

Sri Kamatchi Amman Nagar is classified as Residential Class II Type - I.

What is the registration office for Sri Kamatchi Amman Nagar?

The registration office for Sri Kamatchi Amman Nagar is the Gooduvancheri Sub Registrar Office, located on Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.