Guideline Value for KOUSALYA NAGAR PHASE III

Kousalya Nagar Phase III guideline value

The current guideline value of Kousalya Nagar Phase III is Rs 700 per sq.ft. This area is located in Erivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Kousalya Nagar Phase III has changed

The guideline value register shows that there have been no figures for Kousalya Nagar Phase III in the revisions from 2002, 2003, 2007, 2012, and 2017. The figures for the 2023 and 2024 revisions are both Rs 700 per sq.ft, indicating no change between these two years.

Overall, the current guideline value remains consistent at Rs 700 per sq.ft from the 2023 to 2024 revision, reflecting stability in the valuation for this street.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, making the Kousalya Nagar Phase III guideline value above this median.

• Kowsalya Nagar: Rs 400 per sq.ft (2024)
• Kowsalya Nagar Phase-I: Rs 400 per sq.ft (2024)
• K.K.R Nagar Annex-II: Rs 300 per sq.ft (2024)
• K.K.R. Nagar: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)
• Keerthana Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kousalya Nagar Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. 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 detailed calculations.

Which Sub Registrar Office covers Kousalya Nagar Phase III?

The Kousalya Nagar Phase III falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Erivakkam. It determines the minimum value at which a property must be registered, ensuring that the transaction is documented at a fair price.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kousalya Nagar Phase III?

The current guideline value of Kousalya Nagar Phase III is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for Kousalya Nagar Phase III in the revisions from 2002 to 2017. The guideline value has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions.

What is the land classification for Kousalya Nagar Phase III?

The land classification for Kousalya Nagar Phase III is Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000 in fees.

Where is the Sub Registrar Office for Kousalya Nagar Phase III located?

The Gooduvancheri Sub Registrar Office covers Kousalya Nagar Phase III and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.