Guideline Value for Kesari nagar Main Road

Kesari nagar Main Road guideline value

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

How the guideline value of Kesari nagar Main Road has changed

The guideline value for Kesari nagar Main Road has seen several revisions over the years. In 2002, the value was Rs 353 per sq.ft, which increased to Rs 403 per sq.ft in 2003, marking a 14% rise. The value continued to rise significantly, reaching Rs 900 per sq.ft in 2007, which was a 123% increase from the previous revision. The 2012 revision saw the value at Rs 3,500 per sq.ft, a substantial 289% increase from 2007, but it then dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,500 per sq.ft, showing a 49% increase. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase of 11% from 2023. Overall, from 2002 to 2024, the guideline value has increased by 1005%.

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 Main Road.

• Kesari Nagar 7th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 6th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 5th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 4th street Extension: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 4th Street: Rs 3,900 per sq.ft (2024)
• Kesari Nagar 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kesari nagar Main Road

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, totaling Rs 3,51,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kesari nagar Main Road?

The Sub Registrar Office that covers Kesari nagar Main Road 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 is a critical factor during property transactions in Adambakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the Registration Department.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value is also essential for obtaining loans and financing, as banks often refer to the guideline value when assessing property worth.

Frequently asked questions

What is the current guideline value of Kesari nagar Main Road?

The current guideline value of Kesari nagar Main Road 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 significantly, from Rs 353 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1005%.

What are the stamp duty and registration fees for properties on this road?

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 office handles property registrations for Kesari nagar Main Road?

The Alandur Sub Registrar Office handles property registrations for Kesari nagar Main Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Kesari nagar Main Road?

Kesari nagar Main Road is classified as Residential Class I Type - III, indicating its suitability for residential development.