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 street is located in Katrampakkam B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Mangadu Kamatchi Nagar has changed

In the 2017 revision, the guideline value was Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 250 per sq.ft. The current 2024 revision also maintains the guideline value at Rs 250 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, and overall, from 2017 to 2024, the increase is also 50%. The guideline value has remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Katrampakkam B

Katrampakkam B village has 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Sri Mangadu Kamatchi Nagar's 2024 figure below that 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 rate of Rs 250 per sq.ft, the guideline value totals 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, resulting in a total of Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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 B

The guideline value is crucial during the registration process when buying or selling property in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When registering a property, buyers must ensure that the guideline value is accurately reflected in the documentation. This ensures compliance with local regulations and helps avoid any legal complications during the transaction.

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 unchanged at Rs 250 per sq.ft from 2023 to 2024. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and has remained stable since then.

What is the land classification of Sri Mangadu Kamatchi Nagar?

Sri Mangadu Kamatchi Nagar is classified as Residential Class III Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.

Where can I find the registration office for properties in Sri Mangadu Kamatchi Nagar?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500.