Guideline Value for KESAVARTHINI NAGAR 6TH CROSS STREET

Kesavarthini Nagar 6th Cross Street guideline value

The current guideline value of Kesavarthini Nagar 6th 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 6th Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 established the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 10% in the guideline value.

Guideline values in Kolathuvancheri

Kolathuvancheri has a total of 146 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which matches the guideline value of Kesavarthini Nagar 6th Cross Street.

• Kesavarthini Nagar 5th Cross Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 7th Cross Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 4th Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 8th Cross Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 3rd Main Street: Rs 1,650 per sq.ft (2024)
• Kesavarthini Nagar 9th Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavarthini Nagar 6th 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 would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kesavarthini Nagar 6th Cross Street?

The Sub Registrar Office that covers Kesavarthini Nagar 6th Cross Street is 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 critical factor in property transactions in Kolathuvancheri. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable fees and taxes. This ensures that both parties in the transaction are aware of the financial obligations involved in the sale.

Frequently asked questions

What is the current guideline value of Kesavarthini Nagar 6th Cross Street?

The current guideline value of Kesavarthini Nagar 6th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What is the stamp duty rate for properties in Kesavarthini Nagar 6th Cross Street?

The stamp duty rate for properties in Kesavarthini Nagar 6th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kesavarthini Nagar 6th Cross Street?

The Sub Registrar Office for Kesavarthini Nagar 6th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Kesavarthini Nagar 6th Cross Street?

The land classification for Kesavarthini Nagar 6th Cross Street is Residential Class III Type - I.