Guideline Value for South Kasarath Thottam

South Kasarath Thottam guideline value

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

How the guideline value of South Kasarath Thottam has changed

The guideline value for South Kasarath Thottam has seen several revisions over the years. Starting with Rs 441 per sq.ft in 2002, the value increased significantly to Rs 1,150 per sq.ft by 2007. This was a rise of 161%. The value then jumped to Rs 3,500 per sq.ft in 2012, marking a substantial increase of 204%. However, it dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. In 2023, the guideline value rose to Rs 3,500 per sq.ft, and the most recent revision in 2024 set it at Rs 3,800 per sq.ft, an increase of 9%.

The register does not have figures for the year 2003 for this street. Overall, from 2002 to 2024, the guideline value has increased by 762%.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with the 2024 guideline values 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, making the current value of South Kasarath Thottam below that median.

• Shenoy Nagar West Ist Mai Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar Ist west Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar Ist cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Ist Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar 4th cross Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in South 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 costs together to Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers South Kasarath Thottam?

The Sub Registrar Office that covers South 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 an essential factor during property transactions in Aminjikarai. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of South Kasarath Thottam?

The current guideline value of South 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 441 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 762% over the years.

What is the registration office for South Kasarath Thottam?

The registration office for South Kasarath Thottam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in South Kasarath Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at 7%.

What is the land classification for South Kasarath Thottam?

The land classification for South Kasarath Thottam is Residential Class III Type - II, which indicates the type of development permissible in this area.