Guideline Value for Sri Kamatchi Amman Nagar

Sri Kamatchi Amman Nagar guideline value

The current guideline value of Sri Kamatchi Amman 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 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 750 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it saw a decrease to Rs 1,474 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 set it at Rs 2,450 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, followed by an 11% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 227%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO with 2024 guideline values ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value is Rs 2,450 per sq.ft, which is equal to the current guideline value of Sri Kamatchi Amman Nagar.

• Sri Kamakshi 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 Kamatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would amount to Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total to Rs 2,20,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

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 details.

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 that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 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 750 per sq.ft in 2007 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 227% over the years.

What are the other streets in Moulivakkam with similar guideline values?

Other streets in Moulivakkam with similar guideline values include Sri Kamakshi Nagar, Sri Murugan Nagar, Srinivasapuram, Sri Ranga Nagar, and Sri Sairam Avenue, all at Rs 2,450 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Sri Kamatchi Amman Nagar?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 24,50,000, the stamp duty at 7% would be Rs 1,71,500.