Guideline Value for Kesari Nagar 5th Street

Kesari Nagar 5th Street guideline value

The current guideline value of Kesari Nagar 5th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Kesari Nagar 5th Street has changed

The guideline value of Kesari Nagar 5th Street has seen several revisions over the years. In 2002, the guideline value was Rs 355 per sq.ft, which increased to Rs 405 per sq.ft in 2003. The value experienced significant growth, reaching Rs 900 per sq.ft by 2007. Following this, the 2012 revision saw the value stabilize at Rs 3,500 per sq.ft, but it dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, before the latest revision in 2024 set it at Rs 3,900 per sq.ft.

Between these revisions, notable changes occurred. From 2017 to 2023, there was a 49% increase, while the jump from 2023 to 2024 was 11%. The most significant rise was from 2007 to 2012, which saw an increase of 289%. Overall, from 2002 to 2024, the guideline value has increased by 999%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Kesari Nagar 5th Street.

• Kesari Nagar 4th street Extension: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 4th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 3rd Street: Rs 3,900 per sq.ft (2024)
• Kesari nagar Main Road: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kesari Nagar 5th 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 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kesari Nagar 5th Street?

The Sub Registrar Office that covers Kesari Nagar 5th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Adambakkam. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must take the guideline value into account to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the correct amount is paid to the government during the registration process.

Frequently asked questions

What is the current guideline value of Kesari Nagar 5th Street?

The current guideline value of Kesari Nagar 5th 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 this period.

What is the stamp duty rate for property in Kesari Nagar 5th Street?

The stamp duty rate for property transactions in Kesari Nagar 5th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kesari Nagar 5th Street located?

The Sub Registrar Office covering Kesari Nagar 5th Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Adambakkam?

The median guideline value for streets in Adambakkam is Rs 3,900 per sq.ft, which is the same as the current guideline value for Kesari Nagar 5th Street.