Guideline Value for KIRUBAI NAGAR

Kirubai Nagar guideline value

The current guideline value of Kirubai Nagar is Rs 150 per sq.ft, effective from the 2024 revision. This area is located in Kachur village under the Oothukkottai SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Kirubai Nagar has changed

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2023 revision, where it increased to Rs 150 per sq.ft, reflecting a 50% increase over the six-year period. The 2024 revision also maintains the guideline value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Kachur

Currently, Kirubai Nagar has a guideline value of Rs 150 per sq.ft. Other streets in Kachur under the Oothukkottai SRO include:

• Baskara Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kirubai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total Rs 13,500. 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 Kirubai Nagar?

The Sub Registrar Office that covers Kirubai Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kachur. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties. This means that the higher of the guideline value or the sale price will be used to determine the stamp duty and registration fees, ensuring that the transaction is accurately recorded.

Frequently asked questions

What is the current guideline value of Kirubai Nagar?

The current guideline value of Kirubai Nagar is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both the 2023 and 2024 revisions, reflecting a 50% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Kirubai Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total stamp duty and registration fees would amount to Rs 13,500, calculated based on the guideline value.

Which Sub Registrar Office covers Kirubai Nagar?

The Oothukkottai Sub Registrar Office covers Kirubai Nagar, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

Are there other streets in Kachur with different guideline values?

Yes, other streets in Kachur include Baskara Avenue, which has a guideline value of Rs 100 per sq.ft as of 2024.