Guideline Value for Sri Kamatchi Nagar

Sri Kamatchi Nagar guideline value

The current guideline value of Sri Kamatchi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Atanancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Kamatchi Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 130 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a substantial increase of 438%. The 2017 revision recorded a value of Rs 469 per sq.ft, which was a decrease of 33% from the previous revision. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Guideline values in Atanancheri

Atanancheri village has 83 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the current guideline value of Sri Kamatchi Nagar.

• Sri Iyyappa Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Bala Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Ganapathi Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 700 per sq.ft (2024)
• Sri Ganapathi Nagar Colony: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. 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 details.

Which Sub Registrar Office covers Sri Kamatchi Nagar?

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

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

The guideline value is an important factor when registering property transactions in Atanancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it affects the overall cost of the transaction. It is crucial to ensure that the sale price meets or exceeds the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Nagar?

The current guideline value of Sri Kamatchi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 130 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in 2023 and 2024.

What is the median guideline value in Atanancheri?

The median guideline value in Atanancheri is Rs 700 per sq.ft, which is the same as the current guideline value for Sri Kamatchi Nagar.

What are the stamp duty and registration fees for properties in Sri Kamatchi Nagar?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Sri Kamatchi Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.