Guideline Value for KSLASHTRI NAGAR EXTENSION

Kslashtri Nagar Extension guideline value

The current guideline value of Kslashtri Nagar Extension is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village under the Poonamallee Sub Registrar Office (SRO), and is classified as Commercial Special Type - I land.

How the guideline value of Kslashtri Nagar Extension has changed

Over the years, the guideline value of Kslashtri Nagar Extension has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is worth noting that there are no figures available for the years 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 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median of Rs 1,320 per sq.ft. Kslashtri Nagar Extension's 2024 figure matches this median value.

• Kslashtri Nagar: Rs 1,320 per sq.ft (2024)
• Kslashtri Moorthy Avenue: Rs 1,320 per sq.ft (2024)
• Kslashtri Baby Nagar: 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 Nagar Extension

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, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kslashtri Nagar Extension?

The Kslashtri Nagar Extension 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 crucial factor in the registration process when buying or selling property in Thirumazhisai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kslashtri Nagar Extension?

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

How much 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 to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Kslashtri Nagar Extension?

Kslashtri Nagar Extension is classified as Commercial Special Type - I land, which affects its guideline value and usage.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

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, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total guideline value is Rs 13,20,000.