Guideline Value for KASTHURI GARDEN

Kasthuri Garden guideline value

The current guideline value of Kasthuri Garden, located in Uthandi village under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kasthuri Garden has changed

The guideline value for Kasthuri Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then dropped to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision and was further raised to Rs 1,100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 was a 10% increase. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Kasthuri Garden's 2024 guideline value is below this median.

• Karumariamman Koil Street: Rs 1,700 per sq.ft (2024)
• Kayathiri Garden: Rs 1,700 per sq.ft (2024)
• Kannappan Garden: Rs 1,100 per sq.ft (2024)
• Kannappa Naicker Garden: Rs 1,100 per sq.ft (2024)
• Kannanrukmani-Radha Garden: Rs 1,100 per sq.ft (2024)
• K.K.R.Farm Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Garden?

The Sub Registrar Office that covers Kasthuri Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uthandi. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value as per government regulations.

When you buy or sell property in Uthandi, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, making the process transparent and regulated.

Frequently asked questions

What is the current guideline value of Kasthuri Garden?

The current guideline value of Kasthuri Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Kasthuri Garden?

Kasthuri Garden is classified as Residential Class III Type - I.

What are the stamp duty rates for property in Kasthuri Garden?

The stamp duty for property in Kasthuri Garden is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.