Guideline Value for KAYATHIRI GARDEN

Kayathiri Garden guideline value

The current guideline value of Kayathiri Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kayathiri Garden has changed

The guideline value for Kayathiri Garden has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, representing a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is a 13% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets in 2024 is Rs 1,700 per sq.ft, which is equal to the current value for Kayathiri Garden.

• Kasthuri Garden: Rs 1,100 per sq.ft (2024)
• K.K.R.Farm Road: Rs 3,300 per sq.ft (2024)
• K.K.R.Salai: Rs 3,300 per sq.ft (2024)
• Karumariamman Koil Street: Rs 1,700 per sq.ft (2024)
• Krishna Garden: Rs 1,100 per sq.ft (2024)
• Krishna Kumar Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kayathiri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty, charged at 7%, would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that 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 Kayathiri Garden?

The Sub Registrar Office that covers Kayathiri 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kayathiri Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the median guideline value for streets in Uthandi?

The median guideline value for streets in Uthandi in 2024 is Rs 1,700 per sq.ft, which is the same as the guideline value for Kayathiri Garden.

What are the stamp duty rates applicable in Kayathiri Garden?

The stamp duty rate for property transactions in Kayathiri Garden is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

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