Guideline Value for KASIAMMAN NAGAR

Kasiamman Nagar guideline value

The current guideline value of Kasiamman Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Kasiamman Nagar has changed

Over the years, the guideline value for Kasiamman Nagar has seen several revisions. In 2007, the value was Rs 215 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to reach Rs 700 per sq.ft again. The most recent revision in 2024 maintained this value at Rs 700 per sq.ft, indicating no change from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 226% from Rs 215 per sq.ft in 2007 to Rs 700 per sq.ft in 2024.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the current guideline value of Kasiamman Nagar.

• K.R.C Nagar: Rs 700 per sq.ft (2024)
• K R Garden: Rs 700 per sq.ft (2024)
• Jubilee Residences: Rs 2,389 per sq.ft (2024)
• J.J.Nagar: Rs 1,001 per sq.ft (2024)
• Lumina: Rs 1,001 per sq.ft (2024)
• Madhavi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasiamman Nagar?

The Sub Registrar Office that covers Kasiamman Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kayirambedu. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Kasiamman Nagar?

The current guideline value of Kasiamman Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 215 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and then returned to Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification for Kasiamman Nagar?

Kasiamman Nagar is classified as Residential Special Type - II, indicating its use for residential purposes.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Kasiamman Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Kasiamman Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.