Guideline Value for kamatchi nagar

Kamatchi Nagar guideline value

The current guideline value of Kamatchi Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Nemam village under the Avadi SRO, classified as Residential Class I Type - III.

How the guideline value of Kamatchi Nagar has changed

The guideline value of Kamatchi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. In 2023, the value increased to Rs 300 per sq.ft, and the latest revision in 2024 set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

Between 2017 and 2023, the guideline value saw a significant increase of 49%. From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nemam

In Nemam, there are 14 streets under the Avadi SRO that have a guideline value for 2024 ranging from Rs 330 to Rs 1,590 per sq.ft. The median guideline value is Rs 740 per sq.ft, placing Kamatchi Nagar's 2024 figure below this median.

• Glorious City: Rs 330 per sq.ft (2024)
• Ms Smart City: Rs 770 per sq.ft (2024)
• Ashok Brindhavanam: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase V: Rs 1,590 per sq.ft (2024)
• Ashok Brindavanam Phase - IV: Rs 1,310 per sq.ft (2024)
• Ashok Brindavanam Phase III: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kamatchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. 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 details.

Which Sub Registrar Office covers Kamatchi Nagar?

The Sub Registrar Office that covers Kamatchi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nemam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must adhere to this value to ensure compliance with local regulations.

When registering a property, the guideline value helps in establishing the official value of the property, which is used to calculate the necessary fees. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Kamatchi Nagar?

The current guideline value of Kamatchi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the median guideline value in Nemam?

The median guideline value in Nemam is Rs 740 per sq.ft, with Kamatchi Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for Kamatchi Nagar?

For a property valued at Rs 3,30,000, the stamp duty at 7% is Rs 23,100, and the registration fee at 2% is Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for Kamatchi Nagar located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.