Guideline Value for KSLASHTRI BABY NAGAR

Kslashtri Baby Nagar guideline value

The current guideline value of Kslashtri Baby Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village and falls under the Poonamallee SRO. The land classification for this street is Commercial Special Type - I.

How the guideline value of Kslashtri Baby Nagar has changed

The guideline value for Kslashtri Baby Nagar has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are a total of 86 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with the median being Rs 1,320 per sq.ft. Kslashtri Baby Nagar's 2024 figure is equal to this median.

• Kslashtri Moorthy Avenue: Rs 1,320 per sq.ft (2024)
• Kslashtri Nagar: Rs 1,320 per sq.ft (2024)
• Kslashtri Nagar Extension: Rs 1,320 per sq.ft (2024)
• Kumaran nagar: Rs 1,100 per sq.ft (2024)
• Kumaresan Nagar: Rs 1,650 per sq.ft (2024)
• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kslashtri Baby Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kslashtri Baby Nagar?

Kslashtri Baby Nagar falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical figure used during the registration of property transactions in Thirumazhisai. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects a fair valuation of the property being transferred.

Frequently asked questions

What is the current guideline value of Kslashtri Baby Nagar?

The current guideline value of Kslashtri Baby Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What other streets in Thirumazhisai have the same guideline value?

Other streets in Thirumazhisai with the same guideline value of Rs 1,320 per sq.ft include Kslashtri Moorthy Avenue, Kslashtri Nagar, and Kslashtri Nagar Extension.

What are the stamp duty and registration fees in Kslashtri Baby Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in Kslashtri Baby Nagar?

The Poonamallee Sub Registrar Office handles property registrations for Kslashtri Baby Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.