Guideline Value

Corporate

Guideline Value for KOTHARI NAGAR PHASE - 3

₹550/sq.ft.

The guideline value for Kothari Nagar Phase - 3 in Thirukkachur - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thirukkachur - 1

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kothari Nagar Phase - 3

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Kothari Nagar Phase - 3 guideline value

The current guideline value of Kothari Nagar Phase - 3 is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kothari Nagar Phase - 3 has changed

The guideline value for Kothari Nagar Phase - 3 has experienced several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 500 per sq.ft. Prior to that, the value was Rs 335 per sq.ft in 2017, reflecting a significant increase of 49% over the six years. The 2012 revision also recorded a value of Rs 500 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. Kothari Nagar Phase - 3's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Kothari Nagar Phase - 3

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Please note that 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 Kothari Nagar Phase - 3?

Kothari Nagar Phase - 3 falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role during the registration of property transactions in Thirukkachur - 1. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory costs incurred during the property buying or selling process.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction. It is essential for buyers to consider the guideline value when budgeting for property purchases.

Frequently asked questions

What is the current guideline value of Kothari Nagar Phase - 3?

The current guideline value of Kothari Nagar Phase - 3 is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, marking a 10% increase. It was Rs 335 per sq.ft in 2017, which shows a 49% increase from that year to 2023.

What is the land classification for Kothari Nagar Phase - 3?

Kothari Nagar Phase - 3 is classified as Residential Class I Type - II. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for Kothari Nagar Phase - 3?

The Chengleput Joint II Sub Registrar Office covers Kothari Nagar Phase - 3, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kothari Nagar Phase - 3?

Stamp duty for properties in Kothari Nagar Phase - 3 is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.