Guideline Value for KUL MOHAR BEACH FARM

Kul Mohar Beach Farm guideline value

The current guideline value of Kul Mohar Beach Farm is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Special Type - III.

How the guideline value of Kul Mohar Beach Farm has changed

The guideline value for Kul Mohar Beach Farm has seen significant changes over the years. In the 2003 revision, the value was Rs 310 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 223%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 300%. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the latest 2024 revision has raised it to Rs 4,400 per sq.ft, an increase of 10%.

Overall, from 2003 to 2024, the guideline value has increased by 1319%. The register does not have a figure for the year 2002 for this street.

Guideline values in Uthandi

Uthandi village has a total of 197 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Kul Mohar Beach Farm's 2024 figure above this median.

• Kulakarai Street: Rs 1,700 per sq.ft (2024)
• Krishnan Garden: Rs 1,100 per sq.ft (2024)
• Krishna Kumar Garden: Rs 1,100 per sq.ft (2024)
• Krishna Garden: Rs 1,100 per sq.ft (2024)
• K.K.R.Salai: Rs 3,300 per sq.ft (2024)
• K.K.R.Farm Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kul Mohar Beach Farm

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 further calculations.

Which Sub Registrar Office covers Kul Mohar Beach Farm?

The Neelankarai Sub Registrar Office covers Kul Mohar Beach Farm. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When a buyer purchases a property, the guideline value is considered to ensure transparency and fairness in the transaction. It serves as a benchmark for both buyers and sellers, facilitating a smoother registration process at the Neelankarai SRO.

Frequently asked questions

What is the current guideline value of Kul Mohar Beach Farm?

The current guideline value of Kul Mohar Beach Farm is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 310 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1319% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Kul Mohar Beach Farm?

The Neelankarai Sub Registrar Office handles property registrations for Kul Mohar Beach Farm, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Kul Mohar Beach Farm?

Kul Mohar Beach Farm is classified as Residential Special Type - III, which indicates its intended use for residential purposes.