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 area is located in Nemam_B village, under the Avadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kamatchi Nagar has changed

The guideline value for Kamatchi Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, an increase from Rs 300 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 201 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The absence of these figures indicates that there were no recorded changes during those years.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which means Kamatchi Nagar's 2024 figure is below that median.

• Glorious City: Rs 330 per sq.ft (2024)
• Maansarovar Nagar Phase I: Rs 1,100 per sq.ft (2024)
• Maansarovar Nagar Phase II: Rs 1,100 per sq.ft (2024)
• Ms Smart City: Rs 770 per sq.ft (2024)
• New Metro City: Rs 330 per sq.ft (2024)
• New Metro City Annex - S.No.755/2: Rs 440 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, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kamatchi Nagar?

The Kamatchi Nagar area is covered by 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 details.

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

The guideline value is a crucial factor in property transactions in Nemam_B, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing a property.

When selling a property, the seller must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications. The guideline value serves as a benchmark for both buyers and sellers in the real estate market.

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 increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Nemam_B?

Other streets in Nemam_B include Glorious City, Maansarovar Nagar Phase I, Maansarovar Nagar Phase II, Ms Smart City, New Metro City, and New Metro City Annex - S.No.755/2, each with their respective guideline values.

What fees are associated with property registration?

When registering a property, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kamatchi Nagar?

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