Guideline Value for Kazura Garden 6th Cross Street

Kazura Garden 6th Cross Street guideline value

The current guideline value of Kazura Garden 6th 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 6th Cross Street has changed

The guideline value for Kazura Garden 6th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 3,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,345 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 3,900 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, followed by an 11% increase from 2023 to 2024. Overall, when comparing the 2012 value to the 2024 value, there has been an increase of 11%. It is important to note that 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. Kazura Garden 6th Cross Street's 2024 figure of Rs 3,900 per sq.ft is above this median.

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

Stamp duty and registration fee for property in Kazura Garden 6th 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, charged at 7%, would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total charges 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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kazura Garden 6th Cross Street?

The Sub Registrar Office that covers Kazura Garden 6th 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.

To find your nearest SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Neelankarai. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price of the property.

When a property is registered, the guideline value ensures that the government receives appropriate revenue from the transaction. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kazura Garden 6th Cross Street?

The current guideline value of Kazura Garden 6th 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 increased 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 6th Cross Street?

Kazura Garden 6th Cross Street is classified as Residential Class I Type - II.

Where can I find the registration office for Kazura Garden 6th Cross Street?

The registration office for Kazura Garden 6th 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 Neelankarai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.