Guideline Value for Sri Kamatchi Nagar

Sri Kamatchi Nagar guideline value

The current guideline value for Sri Kamatchi Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village under the Ambattur SRO, 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. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, indicating that Sri Kamatchi Nagar's 2024 figure of Rs 880 per sq.ft is above the median.

• Sri Krishna Avenue: Rs 880 per sq.ft (2024)
• Sri Balaji Garden: Rs 804 per sq.ft (2024)
• Sri Balaji Co-operative Nagar: Rs 806 per sq.ft (2024)
• S.M. Nagar: Rs 880 per sq.ft (2024)
• S.K. Nagar: Rs 806 per sq.ft (2024)
• Sri Sastha Nagar: Rs 803 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 rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 detailed calculations.

Which Sub Registrar Office covers Sri Kamatchi Nagar?

Sri Kamatchi Nagar falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies 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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Sri Kamatchi Nagar?

Sri Kamatchi Nagar is classified as Residential Class II Type - I.

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

The Ambattur Sub Registrar Office covers Sri Kamatchi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Kamatchi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.