Guideline Value for SRI KASTHURI GARDENS

Sri Kasthuri Gardens guideline value

The current guideline value of Sri Kasthuri Gardens is Rs 1,805 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village under the Kunrathur SRO, classified as Mixed Special Type - II.

How the guideline value of Sri Kasthuri Gardens has changed

Since the 2017 revision, the guideline value of Sri Kasthuri Gardens has seen significant changes. In 2017, the value was Rs 1,100 per sq.ft, which increased to Rs 1,642 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,805 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Sri Kasthuri Gardens is above this median.

• Sri Krishna Nagar Ist Avenue Extention: Rs 1,540 per sq.ft (2024)
• Sri Iyyappa Nagar / Annuxe: Rs 1,540 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 1,540 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,540 per sq.ft (2024)
• Sri Devi Nagar Pillaiar Koil Street: Rs 1,540 per sq.ft (2024)
• Sri Devi Nagar Main Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kasthuri Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,805 per sq.ft, the total guideline value amounts to Rs 18,05,000. The stamp duty at 7% would be Rs 1,26,350, and the registration fee at 2% would be Rs 36,100, bringing the total to Rs 1,62,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Kasthuri Gardens?

The Sub Registrar Office that covers Sri Kasthuri Gardens 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 Thiruverkadu

The guideline value plays a crucial role in the property registration process in Thiruverkadu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Kasthuri Gardens?

The current guideline value of Sri Kasthuri Gardens is Rs 1,805 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 1,100 per sq.ft in 2017 to Rs 1,805 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification of Sri Kasthuri Gardens?

Sri Kasthuri Gardens is classified as Mixed Special Type - II under the land classification system.

Where can I find the registration office for Sri Kasthuri Gardens?

The registration office for Sri Kasthuri Gardens is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 18,05,000 would incur a stamp duty of Rs 1,26,350 and a registration fee of Rs 36,100.