Guideline Value for KASI VISALAKSHIPURAM

Kasi Visalakshipuram guideline value

The current guideline value of Kasi Visalakshipuram is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Kasi Visalakshipuram has changed

The guideline value of Kasi Visalakshipuram has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,300 per sq.ft, and the current 2024 revision has further raised it to Rs 2,530 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the change from the 2012 revision to the 2017 revision was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,530 per sq.ft, which is the same as the current value for Kasi Visalakshipuram.

• Kasi Visalatchi Puram: Rs 2,530 per sq.ft (2024)
• Kasthuribai Street: Rs 2,530 per sq.ft (2024)
• KGK Nagar: Rs 2,200 per sq.ft (2024)
• Kirupanandhavariyar Avenue: Rs 2,200 per sq.ft (2024)
• Krishna Colony: Rs 1,080 per sq.ft (2024)
• Krishna Nagar: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Visalakshipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty is calculated at 7%, resulting in Rs 1,77,100, while the registration fee at 2% amounts to Rs 50,600. Therefore, the total cost for stamp duty and registration fees together is Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasi Visalakshipuram?

The Sub Registrar Office that covers Kasi Visalakshipuram is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kasi Visalakshipuram?

The current guideline value of Kasi Visalakshipuram is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, marking a 10% increase. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012.

What is the land classification of Kasi Visalakshipuram?

Kasi Visalakshipuram is classified as Residential Class I Type - II.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kasi Visalakshipuram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100.