Guideline Value for Sri KamatchiAmman Nagar

Sri KamatchiAmman Nagar guideline value

The current guideline value of Sri KamatchiAmman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Vattampakkam village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Sri KamatchiAmman Nagar has changed

The guideline value for Sri KamatchiAmman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 250 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

In the most recent 2024 revision, the guideline value again stands at Rs 250 per sq.ft, reflecting no change from the previous year, 2023. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of 0% during this period.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO, with the 2024 guideline values ranging from Rs 200 to Rs 1,790 per sq.ft. The median value is Rs 250 per sq.ft, which aligns with the current guideline value of Sri KamatchiAmman Nagar.

• Sri Lakshmi Narayanan Nagar: Rs 500 per sq.ft (2024)
• Sri Devi Nagar: Rs 300 per sq.ft (2024)
• Sri Avenue: Rs 448 per sq.ft (2024)
• Shri Sheshadri Brindhavanam Phase I: Rs 500 per sq.ft (2024)
• Swarna Bhoomi: Rs 448 per sq.ft (2024)
• Rose Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri KamatchiAmman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri KamatchiAmman Nagar?

Sri KamatchiAmman Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vattampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps avoid any potential legal issues related to property transactions.

Frequently asked questions

What is the current guideline value of Sri KamatchiAmman Nagar?

The current guideline value of Sri KamatchiAmman 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 undergone several revisions, with the most recent being Rs 250 per sq.ft in 2024, unchanged from 2023. It previously decreased to Rs 167 per sq.ft in 2017 from Rs 250 per sq.ft in 2012.

What is the classification of land in Sri KamatchiAmman Nagar?

Sri KamatchiAmman Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

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

The Sub Registrar Office covering Sri KamatchiAmman Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri KamatchiAmman 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 2,50,000, the stamp duty at 7% would be Rs 17,500.