Guideline Value for KESAVARTHINI NAGAR 2ND CROSS STREET

Kesavarthini Nagar 2nd Cross Street guideline value

The current guideline value of Kesavarthini Nagar 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kesavarthini Nagar 2nd Cross Street has changed

Over the years, the guideline value for Kesavarthini Nagar 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The next revision in 2023 increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 further raised it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, resulting in an overall increase of 10% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,600 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Kesavarthini Nagar 2nd Cross Street.

• Kesavarthini Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 2nd Main Salai: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 1st Main Road: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 3rd Main Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavarthini Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kesavarthini Nagar 2nd Cross Street?

The Kesavarthini Nagar 2nd Cross Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kesavarthini Nagar 2nd Cross Street?

The current guideline value of Kesavarthini Nagar 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with significant changes occurring in 2023 and 2017.

What is the median guideline value in Kolathuvancheri?

The median guideline value in Kolathuvancheri is Rs 1,650 per sq.ft, which is the same as the current guideline value for Kesavarthini Nagar 2nd Cross Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Kesavarthini Nagar 2nd Cross Street?

The Chennai South Joint I Sub Registrar Office handles property registrations for Kesavarthini Nagar 2nd Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.