Guideline Value for KENT GRDERN

Kent Grdern guideline value

The current guideline value of Kent Grdern in Thirumangalam village is Rs 2,000 per sq.ft, effective from the 2024 revision on 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Kent Grdern has changed

The guideline value for Kent Grdern has seen several revisions over the years. The most recent revisions are from 2023 and 2024, both maintaining a guideline value of Rs 2,000 per sq.ft, indicating no change between these years. Prior to this, the 2017 revision set the value at Rs 1,340 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has remained stable at Rs 2,000 per sq.ft since 2023, showing no fluctuations in the latest revision.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,000 per sq.ft. The median value for these streets is Rs 605 per sq.ft, positioning Kent Grdern's 2024 figure above this median.

• Kulakarai IInd Street: Rs 700 per sq.ft (2024)
• Kulakarai Ist street: Rs 700 per sq.ft (2024)
• Kuravar Street: Rs 605 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 800 per sq.ft (2024)
• Malai Matha Nagar: Rs 605 per sq.ft (2024)
• Iswarya Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Kent Grdern

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost for these fees to Rs 1,80,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kent Grdern?

Kent Grdern is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirumangalam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Frequently asked questions

What is the current guideline value of Kent Grdern?

The current guideline value of Kent Grdern is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained steady at Rs 2,000 per sq.ft from 2023 to 2024. It increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Thirumangalam with their guideline values?

There are several other streets in Thirumangalam with varying guideline values, including Kulakarai IInd Street and Kulakarai Ist street at Rs 700 per sq.ft, Kuravar Street, Malai Matha Nagar, and Iswarya Nagar at Rs 605 per sq.ft, and Mahalakshmi Nagar at Rs 800 per sq.ft.

What fees are associated with property transactions in Kent Grdern?

When buying property in Kent Grdern, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,80,000 in fees based on the current guideline value.

Which office handles property registrations for Kent Grdern?

The Sunguvarchattram Sub Registrar Office handles property registrations for Kent Grdern, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.