Guideline Value for Kazura Garden 2nd Cross Street

Kazura Garden 2nd Cross Street guideline value

The current guideline value of Kazura Garden 2nd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of Kazura Garden 2nd Cross Street has changed

The guideline value for Kazura Garden 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, when the guideline value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. The value then increased significantly to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current rate for Kazura Garden 2nd Cross Street above the median.

• Kazura Garden 1st Pirathana Salai: Rs 3,900 per sq.ft (2024)
• Kazura Garden 2nd Pirathana Salai: Rs 3,900 per sq.ft (2024)
• Kazura Garden 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Kazura Garden 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Kazura Garden 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Kazura Garden 5th Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kazura Garden 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 details.

Which Sub Registrar Office covers Kazura Garden 2nd Cross Street?

The Kazura Garden 2nd Cross Street falls under the jurisdiction of the Neelankarai Sub Registrar Office 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 Neelankarai

The guideline value is an essential factor in the registration process when buying or selling property in Neelankarai. It serves as a reference for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kazura Garden 2nd Cross Street?

The current guideline value of Kazura Garden 2nd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Kazura Garden 2nd Cross Street?

Kazura Garden 2nd Cross Street is classified as Residential Class I Type - II.

Where can I find the registration office for Kazura Garden 2nd Cross Street?

The registration office for Kazura Garden 2nd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Kazura Garden 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,73,000.