Guideline Value for KOUSHIK GARDEN

Koushik Garden guideline value

The current guideline value of Koushik Garden is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Kumili village and falls under the Thiruporur SRO. The land classification for this site is New House Site Type -I (Individual House Site).

How the guideline value of Koushik Garden has changed

The guideline value for Koushik Garden has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,800 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,800 per sq.ft. The 2024 revision has kept this value unchanged at Rs 1,800 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 1,800 per sq.ft.

Guideline values in Kumili

Kumili village has 21 streets under the Thiruporur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, positioning Koushik Garden's 2024 figure above this median.

• Kirthik Garden: Rs 400 per sq.ft (2024)
• Kirithik Garden Part -II: Rs 1,000 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 Koushik Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. 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 precise calculations.

Which Sub Registrar Office covers Koushik Garden?

The Koushik Garden area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kumili. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on the established value of the property rather than the sale price, if the sale price is lower.

Frequently asked questions

What is the current guideline value of Koushik Garden?

The current guideline value of Koushik Garden is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 1,800 per sq.ft. Prior to this, it was also Rs 1,800 per sq.ft in 2023, while it was Rs 1,206 per sq.ft in 2017.

What is the registration office for Koushik Garden?

Koushik Garden is registered under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the median guideline value in Kumili?

The median guideline value in Kumili is Rs 400 per sq.ft. Koushik Garden's current guideline value is above this median.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,800 per sq.ft incurs total fees of Rs 1,62,000.