Guideline Value for KASTHURI AMMAAN NAGAR

Kasthuri Ammaan Nagar guideline value

The current guideline value of Kasthuri Ammaan Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kasthuri Ammaan Nagar has changed

Since the 2012 revision, the guideline value for Kasthuri Ammaan Nagar has experienced several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a decrease to Rs 134 per sq.ft, but this was followed by a significant increase of 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision maintains this value, showing no change from the previous year.

In terms of historical figures, the register has no guideline value for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft, indicating stability in the recent revisions.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value among these streets is Rs 200 per sq.ft, placing Kasthuri Ammaan Nagar at this median value.

• K.G.R. Aavin Nagar: Rs 200 per sq.ft (2024)
• K.G.R. Nagar & Annex-(S.No.392.377/2): Rs 200 per sq.ft (2024)
• Kamalakshi Manickam Nagar: Rs 200 per sq.ft (2024)
• Kamalakshi Manickam Avenue: Rs 200 per sq.ft (2024)
• Kailash Nagar(S.No258,.259.262): Rs 200 per sq.ft (2024)
• Lakshi Amman Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Ammaan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Ammaan Nagar?

The Sub Registrar Office that covers Kasthuri Ammaan Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Venmanamputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kasthuri Ammaan Nagar?

The current guideline value of Kasthuri Ammaan Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. The value remained unchanged at Rs 200 per sq.ft from 2023 to 2024.

What is the land classification for Kasthuri Ammaan Nagar?

The land classification for Kasthuri Ammaan Nagar is Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Kasthuri Ammaan Nagar?

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Kasthuri Ammaan Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.