Guideline Value for KIRTHIK GARDEN

Kirthik Garden guideline value

The current guideline value of Kirthik Garden, located in Kumili village under the Thiruporur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - II.

How the guideline value of Kirthik Garden has changed

Looking at the revisions, the guideline value for Kirthik Garden was Rs 400 per sq.ft in both the 2023 and 2024 revisions. In the 2017 revision, the value was Rs 268 per sq.ft, indicating a significant increase of 49% when compared to the 2017 figure. The 2012 revision also set the value at Rs 400 per sq.ft, showing a decrease of 33% from the previous 2017 value.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kumili

Kumili village has 21 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the current guideline value of Kirthik Garden.

• Kirithik Garden Part -II: Rs 1,000 per sq.ft (2024)
• Koushik Garden: Rs 1,800 per sq.ft (2024)
• Jai Nagar: Rs 1,000 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue: Rs 200 per sq.ft (2024)
• Hill Side Auro Nagar Extension -1: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kirthik Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost to Rs 36,000. 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.

Which Sub Registrar Office covers Kirthik Garden?

Kirthik Garden falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

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

When buying or selling property, 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 reflect the appropriate value as determined by the government.

Frequently asked questions

What is the current guideline value of Kirthik Garden?

The current guideline value of Kirthik Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in the 2023 and 2024 revisions. It was Rs 268 per sq.ft in 2017, which represents a 49% increase since then.

What is the land classification of Kirthik Garden?

Kirthik Garden is classified as Mixed Type - II, indicating a mix of land uses within the area.

What are the registration fees for property in Kirthik Garden?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Kirthik Garden?

The Thiruporur Sub Registrar Office handles registrations for Kirthik Garden, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.