Guideline Value for KASIM SAHIB STREET

Kasim Sahib Street guideline value

The current guideline value of Kasim Sahib Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class V Type - III.

How the guideline value of Kasim Sahib Street has changed

The guideline value for Kasim Sahib Street has undergone several revisions over the years. In 2002, the guideline value was Rs 699 per sq.ft, which increased to Rs 777 per sq.ft in 2003, marking an 11% rise. The next recorded revision was in 2012, where the value was Rs 3,000 per sq.ft, a significant increase of 286% from the 2003 figure. However, this value dropped by 33% to Rs 2,010 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 3,000 per sq.ft, and further increased by 10% to Rs 3,300 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 372%. It is important to note that the register has no figure for Kasim Sahib Street in 2007.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, indicating that the guideline value for Kasim Sahib Street is below this median.

• Kasthuri Avenue: Rs 17,600 per sq.ft (2024)
• Kattabomman Street: Rs 3,300 per sq.ft (2024)
• Kattukoil: Rs 3,300 per sq.ft (2024)
• Karpagambal Nagar: Rs 11,500 per sq.ft (2024)
• Karpagambal Main Road: Rs 11,500 per sq.ft (2024)
• Karpagam Avenue (Sai Nagar): Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kasim Sahib Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasim Sahib Street?

The Sub Registrar Office that covers Kasim Sahib Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is assessed to ensure that the transaction is conducted at a fair value. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kasim Sahib Street?

The current guideline value of Kasim Sahib Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 699 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 372% over this period.

What is the stamp duty rate for properties in Kasim Sahib Street?

The stamp duty rate for properties in Kasim Sahib Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kasim Sahib Street?

The Sub Registrar Office for Kasim Sahib Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What are the other streets with guideline values in Mylapore?

Other streets in Mylapore include Kasthuri Avenue, Kattabomman Street, Kattukoil, Karpagambal Nagar, Karpagambal Main Road, and Karpagam Avenue (Sai Nagar), each with varying guideline values.