Guideline Value for KASTHURI NAGA (CHEN)

Kasthuri Naga (Chen) guideline value

The current guideline value of Kasthuri Naga (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kasthuri Naga (Chen) has changed

Over the years, the guideline value of Kasthuri Naga (Chen) has undergone several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and the most recent 2024 revision has set it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing the 2024 figure for Kasthuri Naga (Chen) below that median.

• Karumari Nagar (Chen): Rs 770 per sq.ft (2024)
• Kollaimettu Colony (Chen): Rs 660 per sq.ft (2024)
• Kollamettu Street (Chen): Rs 660 per sq.ft (2024)
• Kottapuli Varadharajan Nagar: Rs 1,321 per sq.ft (2024)
• Kozhi Pannai (Chen): Rs 880 per sq.ft (2024)
• Kulakkarai Street (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Naga (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri Naga (Chen)?

The Sub Registrar Office covering Kasthuri Naga (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is an important factor during property transactions in Sengundram - 1. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when registering a property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the legal value of the property. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kasthuri Naga (Chen)?

The current guideline value of Kasthuri Naga (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the median guideline value for streets in Sengundram - 1?

The median guideline value for streets in Sengundram - 1 is Rs 880 per sq.ft, with Kasthuri Naga (Chen) being below this median at Rs 770 per sq.ft.

What are the stamp duty rates for property in Kasthuri Naga (Chen)?

The stamp duty rate for property transactions in Kasthuri Naga (Chen) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kasthuri Naga (Chen)?

The Sub Registrar Office for Kasthuri Naga (Chen) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.