Guideline Value for North Kasarath Thottam

North Kasarath Thottam guideline value

The current guideline value of North Kasarath Thottam is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of North Kasarath Thottam has changed

The guideline value for North Kasarath Thottam has seen several revisions over the years. The earliest recorded value in 2002 was Rs 743 per sq.ft. This increased to Rs 1,150 per sq.ft in 2007, marking a significant rise of 55%. The value then surged to Rs 3,500 per sq.ft in 2012, reflecting a remarkable increase of 204%. However, it decreased to Rs 2,345 per sq.ft in 2017, which was a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by the current value of Rs 3,800 per sq.ft in 2024, representing a 9% increase.

Notably, there is no recorded guideline value for North Kasarath Thottam in 2003. Overall, from 2002 to 2024, the guideline value has increased by 411%, illustrating the fluctuations in property values over the years.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing North Kasarath Thottam's 2024 figure below that median.

• Orphan School Street: Rs 3,800 per sq.ft (2024)
• Ottar Palayam: Rs 3,800 per sq.ft (2024)
• Parameswara nagar: Rs 3,800 per sq.ft (2024)
• Nadhamuni Naidu Street: Rs 5,500 per sq.ft (2024)
• Perumal Koil street: Rs 4,400 per sq.ft (2024)
• Perumal Koil Street (Residential): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in North Kasarath Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. Please 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 detailed calculations.

Which Sub Registrar Office covers North Kasarath Thottam?

The Sub Registrar Office that covers North Kasarath Thottam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Aminjikarai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the applicable charges, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of North Kasarath Thottam?

The current guideline value of North Kasarath Thottam is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 743 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 411% over that period.

What are the stamp duty and registration fees for a property in North Kasarath Thottam?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000, and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles property registrations in North Kasarath Thottam?

The AnnaNagar Sub Registrar Office handles property registrations for North Kasarath Thottam, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is based on the higher of the guideline value or the sale price of the property.