Guideline Value for Kabilmuni Garden

Kabilmuni Garden guideline value

The current guideline value of Kabilmuni Garden is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam B village, 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. The most recent revision in 2024 set the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 335 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting a consistent valuation during the last two revisions.

Guideline values in Katrampakkam B

Katrampakkam B village has a total of 44 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 275 per sq.ft, placing Kabilmuni Garden's current guideline value 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 amounts to Rs 5,00,000. The stamp duty is charged at 7%, which totals Rs 35,000, and the registration fee is at 2%, amounting to Rs 10,000. Together, the total cost for stamp duty and registration fee would be Rs 45,000. 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 more precise calculations.

Which Sub Registrar Office covers Kabilmuni Garden?

The Sub Registrar Office that covers Kabilmuni Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a critical role during the registration of property transactions in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers and sellers must consider the guideline value as it influences the overall costs involved in the transaction. The guideline value ensures that the property is assessed fairly, reflecting its worth within the current market context.

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 remained the same at Rs 500 per sq.ft for both 2023 and 2024. It increased by 49% from Rs 335 per sq.ft in 2017 to the current value in 2024.

What is the land classification of Kabilmuni Garden?

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

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

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

What are the stamp duty and registration fees for a property in Kabilmuni Garden?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or the sale price, whichever is higher.