Guideline Value for Sri Kamatchi Amman Nagar

Sri Kamatchi Amman Nagar guideline value

The current guideline value for Sri Kamatchi Amman Nagar is Rs 1,350 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village under the Kunrathur SRO, classified as Mixed Special 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. In 2007, the value was Rs 269 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,350 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 represents a 13% increase. Overall, from 2007 to 2024, the guideline value has increased by 402%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median value is Rs 1,350 per sq.ft, which matches the current guideline value for Sri Kamatchi Amman Nagar.

• Sri Kamachi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,350 per sq.ft (2024)
• Sri Maruthi Nagar: Rs 880 per sq.ft (2024)
• Sri Baleeswaran Koil Street: Rs 1,210 per sq.ft (2024)
• Srinath Nagar: Rs 1,930 per sq.ft (2024)
• Srinivasa Nagar: Rs 880 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 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would amount to Rs 94,500, while the registration fee at 2% would be Rs 27,000, bringing the total fees to Rs 1,21,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kamatchi Amman Nagar?

The Sub Registrar Office that covers Sri Kamatchi Amman Nagar 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 Kolumanivakkam

The guideline value is a crucial factor when registering property transactions in Kolumanivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. During registration, the higher of the two values will be used to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value for Sri Kamatchi Amman Nagar is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 269 per sq.ft in 2007 to Rs 1,350 per sq.ft in 2024, reflecting an overall increase of 402% over this period.

What are the stamp duty rates for property in Sri Kamatchi Amman Nagar?

The stamp duty rate for property transactions in Sri Kamatchi Amman Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registration for Sri Kamatchi Amman Nagar?

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

What is the median guideline value in Kolumanivakkam?

The median guideline value in Kolumanivakkam is Rs 1,350 per sq.ft, which is the same as the current guideline value for Sri Kamatchi Amman Nagar.