Guideline Value for Kirubanandha Variar Nagar

Kirubanandha Variar Nagar guideline value

The current guideline value of Kirubanandha Variar Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is part of Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kirubanandha Variar Nagar has changed

The guideline value for Kirubanandha Variar Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The most recent 2024 revision set the guideline value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, which is equal to the current guideline value of Kirubanandha Variar Nagar.

• K.K.Nagar: Rs 1,980 per sq.ft (2024)
• Keezh Ragunathapuram: Rs 1,980 per sq.ft (2024)
• K.K. Nagar Colony Road: Rs 1,980 per sq.ft (2024)
• K.K. Nagar Ist Cross Street to VIII Cross st.: Rs 1,980 per sq.ft (2024)
• Kayithe Millath Nagar Pattu: Rs 1,980 per sq.ft (2024)
• Kollai Colony Road: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Kirubanandha Variar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kirubanandha Variar Nagar?

The Sub Registrar Office that covers Kirubanandha Variar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role when buying or selling property in Mangadu -A. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly affects the overall cost of registration. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kirubanandha Variar Nagar?

The current guideline value of Kirubanandha Variar Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,139 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2023, and then to Rs 1,870 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include K.K.Nagar, Keezh Ragunathapuram, K.K. Nagar Colony Road, K.K. Nagar Ist Cross Street to VIII Cross st., Kayithe Millath Nagar Pattu, and Kollai Colony Road, with values ranging from Rs 1,870 to Rs 1,980 per sq.ft.

What is the stamp duty rate for properties in Kirubanandha Variar Nagar?

The stamp duty rate for properties in Kirubanandha Variar Nagar is 7% of the guideline value or the sale price, whichever is higher. This is part of the overall registration cost.

Where can I find the Sub Registrar Office for Kirubanandha Variar Nagar?

The Sub Registrar Office for Kirubanandha Variar Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details by visiting the relevant links.