Guideline Value for Sri kamatchi nagar

Sri kamatchi nagar guideline value

The current guideline value of Sri kamatchi nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Pusivakkam village, under the Walajabad SRO, and is classified as Residential Class I 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 2012, the value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision brought the value back up to Rs 100 per sq.ft, and the most recent 2024 revision has maintained this figure with no change.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, there has been no net change, as the guideline value remains at Rs 100 per sq.ft.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 598 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Sri kamatchi nagar is below this median.

• Sri Chellammal Nagar: Rs 150 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 126 per sq.ft (2024)
• Subiksham Nagar: Rs 250 per sq.ft (2024)
• Subiksham Nagar Phase-II: Rs 126 per sq.ft (2024)
• Thamizh nagar: Rs 126 per sq.ft (2024)
• Sai Thiya Nagar: Rs 126 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri kamatchi nagar?

Sri kamatchi nagar falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pusivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is checked, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Sri kamatchi nagar?

The current guideline value of Sri kamatchi nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. Overall, there has been no net change from 2012 to 2024.

What is the land classification of Sri kamatchi nagar?

Sri kamatchi nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Sri kamatchi nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000 in fees.

Where can I find the Sub Registrar Office for Sri kamatchi nagar?

The Walajabad Sub Registrar Office covers Sri kamatchi nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.