Guideline Value for Sri Mangadu Kamatchi Nagar

Sri Mangadu Kamatchi Nagar guideline value

The current guideline value of Sri Mangadu Kamatchi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sri Mangadu Kamatchi Nagar has changed

Since the 2012 revision, the guideline value for Sri Mangadu Kamatchi Nagar has seen fluctuations. In 2012, the value was Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft, where it has remained through the 2024 revision, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Therefore, the most recent revisions show that the guideline value has stabilized at Rs 250 per sq.ft since 2023, reflecting a consistent valuation in the current market.

Guideline values in Katrampakkam

Katrampakkam village has 41 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, making the guideline value of Sri Mangadu Kamatchi Nagar equal to this median.

• Sri Ragavendra Nagar: Rs 250 per sq.ft (2024)
• Sri Eswara Nagar: Rs 400 per sq.ft (2024)
• Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)
• Sifea Nagar: Rs 250 per sq.ft (2024)
• Sundara Anjaneya Nagar: Rs 800 per sq.ft (2024)
• Sundara Moorthy Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mangadu 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, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 Mangadu Kamatchi Nagar?

The Sub Registrar Office that covers Sri Mangadu 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 Katrampakkam

The guideline value plays a crucial role in property transactions in Katrampakkam. It is used to determine the stamp duty and registration fees during the buying and selling process. When a property is registered, the guideline value is considered to ensure that the correct fees are applied.

Buyers and sellers should be aware that the guideline value can affect the overall cost of a transaction. It is essential to check the current guideline value before proceeding with any property dealings to avoid unexpected costs.

Frequently asked questions

What is the current guideline value of Sri Mangadu Kamatchi Nagar?

The current guideline value of Sri Mangadu 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 remained at Rs 250 per sq.ft from 2012 to 2024, with a drop to Rs 167 per sq.ft in 2017 and a subsequent increase back to Rs 250 per sq.ft by 2023.

What is the land classification of Sri Mangadu Kamatchi Nagar?

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Mangadu Kamatchi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500.