Guideline Value for Kirithik Garden Part -II

Kirithik Garden Part -II guideline value

The current guideline value of Kirithik Garden Part -II is Rs 1,000 per sq.ft. This area is located in Kumili village, under the Thiruporur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Kirithik Garden Part -II has changed

The guideline value for Kirithik Garden Part -II has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 1,000 per sq.ft, which was also the figure for the 2023 revision. The most recent 2024 revision continues this trend, maintaining the same value of Rs 1,000 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, reflecting a steady valuation of the property in this area.

Guideline values in Kumili

Kumili village features 21 streets under the Thiruporur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The guideline value for Kirithik Garden Part -II is above the median value of Rs 400 per sq.ft for the village.

• Kirthik Garden: Rs 400 per sq.ft (2024)
• Koushik Garden: Rs 1,800 per sq.ft (2024)
• Jai Nagar: Rs 1,000 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue: Rs 200 per sq.ft (2024)
• Hill Side Auro Nagar Extension -1: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kirithik Garden Part -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Kirithik Garden Part -II?

The Kirithik Garden Part -II area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kumili. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kirithik Garden Part -II?

The current guideline value of Kirithik Garden Part -II is Rs 1,000 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,000 per sq.ft from 2017 through 2024, with no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Kirithik Garden Part -II?

The land classification for Kirithik Garden Part -II is Residential Special Type - IV.

What is the median guideline value for streets in Kumili?

The median guideline value for streets in Kumili is Rs 400 per sq.ft, with Kirithik Garden Part -II being above this median.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.