Guideline Value for Kuzhanthai Easu Nagar

Kuzhanthai Easu Nagar guideline value

The current guideline value of Kuzhanthai Easu Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Molachoor village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Kuzhanthai Easu Nagar has changed

The guideline value for Kuzhanthai Easu Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision saw a decrease to Rs 402 per sq.ft, marking a -33% change from the previous figure. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 600 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 600 per sq.ft, showing no change from the previous year. The register has no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the guideline value of Kuzhanthai Easu Nagar.

• Kuzhanthai Easu Kovil Street: Rs 300 per sq.ft (2024)
• Loordu Nagar: Rs 605 per sq.ft (2024)
• Lucky Land: Rs 605 per sq.ft (2024)
• Kasthuribai Street: Rs 300 per sq.ft (2024)
• Karumariamman Kovil Street: Rs 800 per sq.ft (2024)
• Karpagavalli Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuzhanthai Easu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value totals Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuzhanthai Easu Nagar?

The Kuzhanthai Easu Nagar area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Molachoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kuzhanthai Easu Nagar?

The current guideline value of Kuzhanthai Easu Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for Kuzhanthai Easu Nagar?

The land classification for Kuzhanthai Easu Nagar is Residential Special Type - III. This classification is important for understanding the intended use of the land.

Where can I find the registration office for Kuzhanthai Easu Nagar?

The registration office covering Kuzhanthai Easu Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated in Kuzhanthai Easu Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000 at a rate of 7%.