Guideline Value for Sri Kamatchi Nagar

Sri Kamatchi Nagar guideline value

The current guideline value of Sri Kamatchi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Kamatchi Nagar has changed

The guideline value for Sri Kamatchi Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The latest revision in 2024 has maintained this value at Rs 1,000 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the same current value as the previous year.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Kamatchi Nagar's 2024 figure above this median.

• SriKarpaga vinayaga Nagar: Rs 1,000 per sq.ft (2024)
• Sri Karpagavinayagar Nagar: Rs 700 per sq.ft (2024)
• SriJakath guru Jayendra sankarapuram: Rs 1,000 per sq.ft (2024)
• Sri Ganapathy sindicate: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar Extn: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 700 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the necessary fees. Buyers and sellers must be aware that the duty will be charged based on the higher amount between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Sri Kamatchi Nagar?

The current guideline value of Sri Kamatchi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall since 2017.

What is the median guideline value in Sriperumbudur A?

The median guideline value for the 238 streets in Sriperumbudur A is Rs 700 per sq.ft, with Sri Kamatchi Nagar's value being above this median.

What fees are associated with buying property in Sri Kamatchi Nagar?

When buying property in Sri Kamatchi Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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.