Guideline Value for KARTHI KISHORE GARDEN

Karthi Kishore Garden guideline value

The current guideline value of Karthi Kishore Garden is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Puzhal village under the Redhills SRO, classified as Mixed Type - III land.

How the guideline value of Karthi Kishore Garden has changed

In the 2023 revision, the guideline value was Rs 1,600 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current value to Rs 1,760 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there are no figures available for Karthi Kishore Garden in the years mentioned. The most recent revision indicates a notable increase in the guideline value, reflecting the current valuation standards in the area.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Karthi Kishore Garden's 2024 figure of Rs 1,760 per sq.ft is above this median.

• Kanthasamy Nagar: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar Pradhana Salai: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 9th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 8th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 7th Street: Rs 1,100 per sq.ft (2024)
• Kannappasamy Nagar 6th Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Karthi Kishore Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 precise calculations.

Which Sub Registrar Office covers Karthi Kishore Garden?

Karthi Kishore Garden falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Puzhal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Karthi Kishore Garden?

The current guideline value of Karthi Kishore Garden is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, marking a 10% rise. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Karthi Kishore Garden?

Karthi Kishore Garden is classified as Mixed Type - III land. This classification can affect the usage and development potential of the property.

What is the registration office for Karthi Kishore Garden?

The registration office for Karthi Kishore Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Puzhal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,23,200 at a rate of 7% on the guideline value.