Guideline Value for Kazura Garden 3rd Cross Street

Kazura Garden 3rd Cross Street guideline value

The current guideline value of Kazura Garden 3rd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village and falls under the Neelankarai SRO with a land classification of Residential Class I Type - II.

How the guideline value of Kazura Garden 3rd Cross Street has changed

The guideline value for Kazura Garden 3rd Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, where 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. In 2023, the value increased to Rs 3,500 per sq.ft, and in the latest revision for 2024, it has risen to Rs 3,900 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects an increase of 11%. 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 that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Kazura Garden 3rd Cross Street is above this median.

• Kazura Garden 2nd Pirathana Salai: Rs 3,900 per sq.ft (2024)
• Kazura Garden 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Kazura Garden 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Kazura Garden 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Kazura Garden 1st Pirathana Salai: Rs 3,900 per sq.ft (2024)
• Kazura Garden 6th Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kazura Garden 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, 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 cost to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kazura Garden 3rd Cross Street?

The Sub Registrar Office that covers Kazura Garden 3rd 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. You can find your SRO for more details.

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

When buying or selling property in Neelankarai, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is registered at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kazura Garden 3rd Cross Street?

The current guideline value of Kazura Garden 3rd 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 2023 to Rs 3,900 per sq.ft in 2024. It increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, reflecting a 49% rise.

What are the stamp duty and registration fees for properties in Kazura Garden 3rd Cross Street?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Kazura Garden 3rd Cross Street?

The Neelankarai Sub Registrar Office covers Kazura Garden 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Kazura Garden 3rd Cross Street?

Kazura Garden 3rd Cross Street is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.