Guideline Value for KSLASHTRI NAGAR

Kslashtri Nagar guideline value

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

How the guideline value of Kslashtri Nagar has changed

The guideline value for Kslashtri Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has brought the guideline value to Rs 1,320 per sq.ft, which is 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 Kslashtri Nagar. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirumazhisai

In Thirumazhisai village, 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. The median value is Rs 1,320 per sq.ft, which is equal to the guideline value of Kslashtri Nagar.

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

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 cost for registration to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kslashtri Nagar?

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

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

The guideline value is crucial during property registration as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during transactions.

When you register a property, the guideline value serves as a benchmark to assess the transaction value, ensuring that the fees are accurately calculated based on the higher amount between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Kslashtri Nagar?

The current guideline value of Kslashtri 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 several times, with the most recent revision in 2024 increasing it to Rs 1,320 per sq.ft from Rs 1,200 per sq.ft in 2023, a rise of 10%. From 2017 to 2023, it increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, marking a 49% rise.

What is the land classification of Kslashtri Nagar?

Kslashtri Nagar is classified as Commercial Special Type - I, indicating its suitability for commercial activities within the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total registration cost would be Rs 1,18,800.

Which office handles registrations for Kslashtri Nagar?

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