Guideline Value for KESAVAN GARDEN

Kesavan Garden guideline value

The current guideline value of Kesavan Garden in Neelamangalam village is Rs 1,300 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Class II Type - II.

How the guideline value of Kesavan Garden has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017, we will focus on the revisions from 2023 and 2024. The guideline value remained unchanged at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change.

The 2024 revision reflects the same value as the previous year, maintaining a consistent guideline value for Kesavan Garden. This stability suggests that there have been no fluctuations in the guideline value for this property over the last two years.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO with 2024 guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Kesavan Garden's 2024 figure above this median.

• K.C.R. Nagar Phase -II: Rs 1,344 per sq.ft (2024)
• K.C.R.Nagar: Rs 1,344 per sq.ft (2024)
• Kkr Nagar: Rs 900 per sq.ft (2024)
• Kavalkaran Nagar: Rs 600 per sq.ft (2024)
• Kamaraj Nagar: Rs 600 per sq.ft (2024)
• Madhan Square: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total charges to Rs 1,17,000. It is important 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 detailed calculations.

Which Sub Registrar Office covers Kesavan Garden?

The Sub Registrar Office that covers Kesavan Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Neelamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the true value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Kesavan Garden?

The current guideline value of Kesavan Garden is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Kesavan Garden?

Kesavan Garden is classified as Residential Class II Type - II, indicating its designation for residential purposes.

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

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000 and the registration fee is Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kesavan Garden located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.