Guideline Value for Kosatheru

Kosatheru guideline value

The current guideline value of Kosatheru is Rs 2,200 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Kosatheru has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 1,340 per sq.ft, which rose to Rs 2,000 per sq.ft in 2023, marking a 49% increase. The current 2024 revision shows a further increase to Rs 2,200 per sq.ft, representing a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value 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, placing Kosatheru's 2024 figure above that median.

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

Stamp duty and registration fee for property in Kosatheru

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Kosatheru?

The Sub Registrar Office covering Kosatheru 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 in property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees payable when a property is sold or purchased. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. It serves as a benchmark for the valuation of properties in the area, which can influence the overall registration process.

Frequently asked questions

What is the current guideline value of Kosatheru?

The current guideline value of Kosatheru is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Kosatheru?

Kosatheru is classified as Residential Special Type - I under the current guidelines.

What are the stamp duty and registration fees for properties in Kosatheru?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Where is the Sub Registrar Office for Kosatheru located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.