Guideline Value for KESAR NAGAR

Kesar Nagar guideline value

The current guideline value of Kesar Nagar is Rs 3,285 per sq.ft, effective from 1 July 2024. This street is located in Kobarasanallur village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Kesar Nagar has changed

The guideline value of Kesar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 2,986 per sq.ft in 2023. The latest revision in 2024 raised the value further to Rs 3,285 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The significant changes between the revisions indicate a 49% increase from 2017 to 2023, followed by the latest increase in 2024.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Kesar Nagar's 2024 figure above that median.

• KGT Nagar: Rs 1,980 per sq.ft (2024)
• MAC Nagar: Rs 1,980 per sq.ft (2024)
• Madha Koil Street: Rs 1,980 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Marshall Nagar: Rs 1,980 per sq.ft (2024)
• Harikanth Amara (Nagar): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kesar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,285 per sq.ft, the total guideline value amounts to Rs 32,85,000. The stamp duty at 7% would be Rs 2,29,950, and the registration fee at 2% would be Rs 65,700, bringing the total cost for these fees to Rs 2,95,650. It is important to note that the 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Kesar Nagar?

Kesar Nagar falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Kesar Nagar?

The current guideline value of Kesar Nagar is Rs 3,285 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2017 to Rs 2,986 per sq.ft in 2023, and then to Rs 3,285 per sq.ft in 2024, marking a 64% increase overall from 2017 to 2024.

What are the guideline values for other streets in Kobarasanallur?

Other streets in Kobarasanallur have a 2024 guideline value ranging from Rs 1,650 to Rs 4,180 per sq.ft, with a median value of Rs 1,980 per sq.ft.

What are the fees for registering a property in Kesar Nagar?

For a property valued at Rs 32,85,000, the stamp duty would be Rs 2,29,950 and the registration fee would be Rs 65,700, totaling Rs 2,95,650.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.