Guideline Value for Kesari Nagar 4th Street

Kesari Nagar 4th Street guideline value

The current guideline value of Kesari Nagar 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Kesari Nagar 4th Street has changed

The guideline value for Kesari Nagar 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 355 per sq.ft. This increased to Rs 405 per sq.ft in 2003, marking a 14% rise. The value continued to grow significantly, reaching Rs 900 per sq.ft in 2007, which was a 122% increase from the previous year. In 2012, the value remained at Rs 3,500 per sq.ft, showing no figure for this street in the register for that year.

Following this, the guideline value saw a decline to Rs 2,345 per sq.ft in 2017, representing a 33% decrease. However, it rebounded to Rs 3,500 per sq.ft in 2023, and then increased to the current rate of Rs 3,900 per sq.ft in 2024, which is an 11% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 999%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Kesari Nagar 4th Street.

• Kesari Nagar 1st Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 2nd Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 4th Street Extension: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 6th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kesari Nagar 4th 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, while the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration would be 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.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kesari Nagar 4th Street?

The Sub Registrar Office that covers Kesari Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kesari Nagar 4th Street?

The current guideline value of Kesari Nagar 4th 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 355 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 999% over the years.

What is the registration office for Kesari Nagar 4th Street?

The registration office for Kesari Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Kesari Nagar 4th Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Can I find other streets with the same guideline value?

Yes, several other streets in Adambakkam have the same guideline value of Rs 3,900 per sq.ft, including Kesari Nagar 1st Street, 2nd Street, 3rd Street, 4th Street Extension, 5th Street, and 6th Street.