Guideline Value for Kasi Garden

Kasi Garden guideline value

The current guideline value of Kasi Garden, located in Thiruneermalai village under the Pammal SRO, is Rs 2,420 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Kasi Garden has changed

The guideline value for Kasi Garden has seen significant changes over the years. In 2003, the guideline value was Rs 264 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 33% rise. By 2017, the value surged to Rs 1,474 per sq.ft, representing a remarkable 321% increase from the previous revision. The 2023 revision saw the guideline value rise to Rs 2,200 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 817%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is equal to the guideline value of Kasi Garden.

• Kattabooman Street: Rs 2,420 per sq.ft (2024)
• Karikalan Street: Rs 2,420 per sq.ft (2024)
• Kora Masilamani Street: Rs 1,320 per sq.ft (2024)
• Kambar Street: Rs 2,420 per sq.ft (2024)
• Krishnan Koil Street: Rs 2,200 per sq.ft (2024)
• Kamaraj Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total cost together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kasi Garden?

The Sub Registrar Office that covers Kasi Garden is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruneermalai. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.

This value is essential for both buyers and sellers as it determines the official valuation of the property during registration. It helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kasi Garden?

The current guideline value of Kasi Garden is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 264 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 817% over this period.

What is the stamp duty rate for properties in Kasi Garden?

The stamp duty rate for properties in Kasi Garden is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration for Kasi Garden?

The Pammal Sub Registrar Office handles property registration for Kasi Garden, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Thiruneermalai?

Yes, there are several other streets in Thiruneermalai with the same guideline value of Rs 2,420 per sq.ft, including Kattabooman Street, Karikalan Street, Kambar Street, and Kamaraj Street.