Guideline Value for Kabilmuni Garden

Kabilmuni Garden guideline value

The current guideline value of Kabilmuni Garden, located in Katrampakkam village, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Kabilmuni Garden has changed

The guideline value for Kabilmuni Garden has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft. The subsequent revision in 2023 also maintained the value at Rs 500 per sq.ft. The latest revision in 2024 again set the value at Rs 500 per sq.ft, indicating no percentage change from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, when comparing the 2012 revision to the 2024 revision, the guideline value has remained the same.

Guideline values in Katrampakkam

Katrampakkam village features 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Kabilmuni Garden's 2024 figure above this median.

• Jothi Nagar: Rs 250 per sq.ft (2024)
• Kanniyamman Koil 1st Street: Rs 250 per sq.ft (2024)
• Kanniyamman Koil 2nd Street: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Nagar Annex: Rs 250 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kabilmuni Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would amount to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kabilmuni Garden?

The Kabilmuni Garden area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Katrampakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates for the area.

When buying or selling property, the guideline value is used to assess the legal and financial obligations associated with the transaction. It is essential for both buyers and sellers to be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Kabilmuni Garden?

The current guideline value of Kabilmuni Garden is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification of Kabilmuni Garden?

Kabilmuni Garden is classified as Residential Special Type - I, indicating its designation for residential development.

Where can I find the Sub Registrar Office for Kabilmuni Garden?

The Sriperumpudur Sub Registrar Office, which covers Kabilmuni Garden, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total fee of Rs 45,000 for stamp duty and registration.