Guideline Value for KUZHANTHAI YESU NAGAR

Kuzhanthai Yesu Nagar guideline value

The current guideline value of Kuzhanthai Yesu Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kuzhanthai Yesu Nagar has changed

The guideline value for Kuzhanthai Yesu Nagar has undergone several revisions over the years. In 2012, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. Following this, there was a significant increase of 50% to Rs 250 per sq.ft in 2023. The most recent revision in 2024 saw a further increase of 10%, bringing the current value to Rs 275 per sq.ft.

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 Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 275 per sq.ft, which is equal to the guideline value for Kuzhanthai Yesu Nagar.

• Kumaran Nagar: Rs 275 per sq.ft (2024)
• Kulanthai Yesu Nagar Phase - II: Rs 275 per sq.ft (2024)
• Kulanthai Yesu Nagar Phase - I: Rs 275 per sq.ft (2024)
• K.S.K. Garden: Rs 220 per sq.ft (2024)
• M.M. Modern City: Rs 385 per sq.ft (2024)
• Modern Town: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Kuzhanthai Yesu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. 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 further calculations.

Which Sub Registrar Office covers Kuzhanthai Yesu Nagar?

The Sub Registrar Office covering Kuzhanthai Yesu Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perungavur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a fair value, reflecting the current market conditions as set by the Registration Department. This process is vital for maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Kuzhanthai Yesu Nagar?

The current guideline value of Kuzhanthai Yesu Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 275 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Kuzhanthai Yesu Nagar?

For a 1,000 sq.ft plot valued at Rs 2,75,000, the stamp duty is Rs 19,250 and the registration fee is Rs 5,500, totaling Rs 24,750.

Which Sub Registrar Office serves Kuzhanthai Yesu Nagar?

The Redhills Sub Registrar Office serves Kuzhanthai Yesu Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, reflecting current market conditions.