Guideline Value for KAILASH GREEN FARM

Kailash Green Farm guideline value

The current guideline value of Kailash Green Farm is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Alancheri village under the Uthiramerur SRO, classified as Residential Special Type - II.

How the guideline value of Kailash Green Farm has changed

Since the 2017 revision, the guideline value for Kailash Green Farm has seen a significant increase. In 2017, the value was Rs 100 per sq.ft, which was raised by 50% to Rs 150 per sq.ft in the 2023 revision. The 2024 revision has maintained this value with no change from the previous year.

Prior to 2017, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The guideline value remained at Rs 150 per sq.ft from the 2023 revision to the 2024 revision, indicating stability in the recent years.

Guideline values in Alancheri

Kailash Green Farm's guideline value sits at Rs 150 per sq.ft, while other streets in Alancheri have different values. Here are some of the other streets in Alancheri:

• Radha Nagar: Rs 131 per sq.ft (2024)

Stamp duty and registration fee for property in Kailash Green Farm

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kailash Green Farm?

The Uthiramerur Sub Registrar Office covers Kailash Green Farm. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buyers and sellers agree on a sale price, the stamp duty is calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kailash Green Farm?

The current guideline value of Kailash Green Farm is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, maintaining the same rate in 2024. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the stamp duty for property in Kailash Green Farm?

The stamp duty for property in Kailash Green Farm is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 10,500.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification. It serves as a reference point for calculating stamp duty and registration fees during property transactions.