Guideline Value for KASTHURI GARDEN

Kasthuri Garden guideline value

The current guideline value of Kasthuri Garden is Rs 626 per sq.ft, effective from 1 July 2024. This property is located in Kakkalur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kasthuri Garden has changed

The guideline value for Kasthuri Garden has undergone several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. The 2023 revision retained this figure, and the current 2024 revision also stands at Rs 626 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing an increase of 0% over this period.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Kasthuri Garden.

• Kowsalya Nagar: Rs 626 per sq.ft (2024)
• Kanagambaram Poo Street: Rs 626 per sq.ft (2024)
• Kulmahal Street: Rs 626 per sq.ft (2024)
• Kamakshi Avenue: Rs 626 per sq.ft (2024)
• Kundumalli Street: Rs 626 per sq.ft (2024)
• Kungumapoo Steet: Rs 626 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 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total cost to Rs 56,340. 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 Kasthuri Garden?

The Sub Registrar Office that covers Kasthuri Garden 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction complies with the legal requirements. This value helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kasthuri Garden?

The current guideline value of Kasthuri Garden is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

What is the land classification of Kasthuri Garden?

Kasthuri Garden is classified as Residential Class II Type - III under the local land classification system.

What are the stamp duty and registration fees for properties in Kasthuri Garden?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 56,340.

Where is the Sub Registrar Office for Kasthuri Garden located?

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