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Guideline Value

Corporate

Guideline Value for Kazura Garden 4th Cross Street

₹3900/sq.ft.

The guideline value for Kazura Garden 4th Cross Street in Neelankarai village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Neelankarai

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kazura Garden 4th Cross Street

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Kazura Garden 4th Cross Street guideline value

The current guideline value of Kazura Garden 4th 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, and is classified as Residential Class I Type - II.

How the guideline value of Kazura Garden 4th Cross Street has changed

The guideline value for Kazura Garden 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the most recent 2024 revision raised it to Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 11%. The changes from the 2017 revision to the 2023 revision reflect a significant increase of 49%. 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 for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Kazura Garden 4th Cross Street above the median.

Stamp duty and registration fee for property in Kazura Garden 4th 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 would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kazura Garden 4th Cross Street?

The Sub Registrar Office that covers Kazura Garden 4th 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

The guideline value is an important factor during property transactions in Neelankarai. It serves as a reference point for calculating the stamp duty and registration fees that are required when registering a property sale.

When you buy or sell property, the guideline value helps determine the official value of the property for legal and tax purposes. It is essential to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kazura Garden 4th Cross Street?

The current guideline value of Kazura Garden 4th 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, an increase of 11%. The value was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the median guideline value in Neelankarai?

The median guideline value in Neelankarai is Rs 2,200 per sq.ft, with Kazura Garden 4th Cross Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 3,900 per sq.ft, the total fees would amount to Rs 3,51,000.

Which office handles property registrations for Kazura Garden 4th Cross Street?

The Neelankarai Sub Registrar Office handles property registrations for Kazura Garden 4th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.