Guideline Value for Sri Kamatchi Nagar

Sri Kamatchi Nagar guideline value

The current guideline value for Sri Kamatchi Nagar, located in Irumpedu village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Kamatchi Nagar has changed

Over the years, the guideline value for Sri Kamatchi Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50% to reach Rs 250 per sq.ft again. The 2024 revision has maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Irumpedu

In Irumpedu village, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sri Kamatchi Nagar's 2024 figure above that median.

• Rajiniganth Nagar: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Arun Nagar: Rs 250 per sq.ft (2024)
• Achari Street: Rs 100 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Irumpedu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. It is essential for both buyers and sellers to be aware of this value to ensure compliance with the registration process.

During the registration of property, the guideline value is compared with the sale price. The higher of the two values is taken into account for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Kamatchi Nagar?

The current guideline value for Sri Kamatchi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining it at Rs 250 per sq.ft. Notably, it was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the other streets in Irumpedu and their guideline values?

Other streets in Irumpedu include Rajiniganth Nagar at Rs 250 per sq.ft, Perumal Koil Street and Nadu Street at Rs 110 per sq.ft, Bajanai Koil Street at Rs 150 per sq.ft, Arun Nagar at Rs 250 per sq.ft, and Achari Street at Rs 100 per sq.ft.

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

The stamp duty for property in Sri Kamatchi Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

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

The Sub Registrar Office for Sri Kamatchi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.