Guideline Value for KOTHARI NAGAR PHASE - I

Kothari Nagar Phase - I guideline value

The current guideline value of Kothari Nagar Phase - I is Rs 550 per sq.ft. This area is located in Thirukkachur - 1 village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

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

The guideline value for Kothari Nagar Phase - I has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 500 per sq.ft, which increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The only figures available are from the 2023 and 2024 revisions, which reflect the current valuation of Rs 550 per sq.ft.

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 - I's guideline value is below this median.

• Kothari Nagar Phase - 3: Rs 550 per sq.ft (2024)
• Kothari Nagar Phase - II: Rs 550 per sq.ft (2024)
• Kulakarai Street: Rs 385 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,474 per sq.ft (2024)
• Kurinchi Nagar: Rs 660 per sq.ft (2024)
• Kannagi Street: Rs 550 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value is 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, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kothari Nagar Phase - I?

Kothari Nagar Phase - I is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Thirukkachur - 1, as it determines the official value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value serves as a baseline for assessing the transaction value, ensuring that the appropriate taxes are levied based on this established rate. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Kothari Nagar Phase - I was Rs 500 per sq.ft in 2023, which increased to Rs 550 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Thirukkachur - 1?

Other streets in Thirukkachur - 1 have varying guideline values, with rates ranging from Rs 385 to Rs 1,474 per sq.ft. Kothari Nagar Phase - I's value is below the median of Rs 660 per sq.ft.

What is the stamp duty for property in Kothari Nagar Phase - I?

The stamp duty for property in Kothari Nagar Phase - I is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 38,500 based on the current guideline value.

Which office handles the registration for Kothari Nagar Phase - I?

The registration for Kothari Nagar Phase - I is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.