Guideline Value for KASI THIRUVELAN NAGAR

Kasi Thiruvelan Nagar guideline value

The current guideline value of Kasi Thiruvelan Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in Korakkathandalam village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Kasi Thiruvelan Nagar has changed

The guideline value for Kasi Thiruvelan Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 50 per sq.ft, which was then doubled to Rs 100 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 100 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 100%.

Guideline values in Korakkathandalam

In Korakkathandalam, five streets under the Oothukkottai SRO have a guideline value of Rs 100 per sq.ft for 2024, which is also the median value for the area. Kasi Thiruvelan Nagar's 2024 figure aligns with this median.

• Blessings Nagar: Rs 100 per sq.ft (2024)
• Poovanam Nagar: Rs 100 per sq.ft (2024)
• Thiruvelan Nagar: Rs 100 per sq.ft (2024)
• V.G.P.Thiru Nagar Part-III: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Thiruvelan 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, bringing the total fees to Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kasi Thiruvelan Nagar?

Kasi Thiruvelan Nagar falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Korakkathandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction legally. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kasi Thiruvelan Nagar?

The current guideline value of Kasi Thiruvelan 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 increased from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 100% increase overall from 2017 to 2024.

What are the other streets in Korakkathandalam with the same guideline value?

Other streets in Korakkathandalam under the Oothukkottai SRO also have a guideline value of Rs 100 per sq.ft for 2024, including Blessings Nagar, Poovanam Nagar, Thiruvelan Nagar, and V.G.P.Thiru Nagar Part-III.

What fees are associated with buying property in Kasi Thiruvelan Nagar?

The fees associated with buying property include 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 Kasi Thiruvelan Nagar?

The Oothukkottai Sub Registrar Office covers Kasi Thiruvelan Nagar and is located near the government hospital in Uthukottai, Chennai 602026.