Guideline Value for Kuzhandai Easu Nagar

Kuzhandai Easu Nagar guideline value

The current guideline value of Kuzhandai Easu Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Sokandi village under the Sunguvarchattram SRO and is classified as Residential Special Type - II.

How the guideline value of Kuzhandai Easu Nagar has changed

The guideline value for Kuzhandai Easu Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 275 per sq.ft, which is the same as the 2023 revision. The 2017 revision recorded a lower value of Rs 184 per sq.ft, showing a significant increase of 49% from 2017 to 2023. Prior to that, the 2012 revision also set the value at Rs 275 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 275 per sq.ft.

Guideline values in Sokandi

In Sokandi village, there are 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,000 per sq.ft, with a median value of Rs 300 per sq.ft. Kuzhandai Easu Nagar's 2024 figure is below this median.

• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• MathaKovil Street: Rs 450 per sq.ft (2024)
• Model Town: Rs 250 per sq.ft (2024)
• Jei Bharath Nagar: Rs 250 per sq.ft (2024)
• Jai Hind Nagar: Rs 200 per sq.ft (2024)
• Gandni Puram: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Kuzhandai Easu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, resulting in a total cost of Rs 24,750. 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 Kuzhandai Easu Nagar?

Kuzhandai Easu Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Sokandi. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property.

When a property is registered, the authorities will assess the guideline value to calculate the applicable charges. Buyers should be aware that the stamp duty is based on the higher of the guideline value or the sale price, ensuring that the correct fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Kuzhandai Easu Nagar?

The current guideline value of Kuzhandai Easu Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 275 per sq.ft in 2023 and 2024, while it was Rs 184 per sq.ft in 2017. The value was Rs 275 per sq.ft in 2012, reflecting a 49% increase from 2017 to 2023.

What is the land classification for Kuzhandai Easu Nagar?

Kuzhandai Easu Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty rates in Kuzhandai Easu Nagar?

The stamp duty for property transactions in Kuzhandai Easu Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kuzhandai Easu Nagar?

The Sunguvarchattram Sub Registrar Office covers Kuzhandai Easu Nagar and is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.