Guideline Value for Kotharai Nagar

Kotharai Nagar guideline value

The current guideline value of Kotharai Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kotharai Nagar has changed

The guideline value for Kotharai Nagar has seen significant revisions over the years. In the 2017 revision, the value was Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, marking a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Kotharai Nagar. The increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value over this period.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, indicating that Kotharai Nagar's 2024 figure is below this median.

• Kollai Street: Rs 1,430 per sq.ft (2024)
• Krishna Nagar: Rs 1,430 per sq.ft (2024)
• Kudumi Street: Rs 1,430 per sq.ft (2024)
• Kumaran Avenue: Rs 1,920 per sq.ft (2024)
• Kumaran Nagar: Rs 1,430 per sq.ft (2024)
• Kumudam Enclave: Rs 4,620 per sq.ft (2024)

Stamp duty and registration fee for property in Kotharai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kotharai Nagar?

The Kotharai Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is taken into account to determine the legal value of the transaction. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Kotharai Nagar?

The current guideline value of Kotharai Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Kotharai Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 14,30,000. The stamp duty would be Rs 1,00,100, and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which Sub Registrar Office covers Kotharai Nagar?

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

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current guideline value of Kotharai Nagar.