Guideline Value for KASTHURI BAI COLONY A BLOCK 2ND STR

Kasthuri Bai Colony A Block 2nd Str guideline value

The current guideline value for Kasthuri Bai Colony A Block 2nd Str is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Kasthuri Bai Colony A Block 2nd Str has changed

Over the years, the guideline value for Kasthuri Bai Colony A Block 2nd Str has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous figure of Rs 1,675 per sq.ft in 2017. The value remained at Rs 2,500 per sq.ft until the 2023 revision, which increased it to Rs 2,500 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 8%. The years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value for Kasthuri Bai Colony A Block 2nd Str.

• Kasthuribai Colony A Block 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 3rd Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Bai Colony A Block 2nd Str

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. 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 information.

Which Sub Registrar Office covers Kasthuri Bai Colony A Block 2nd Str?

The Sub Registrar Office that covers Kasthuri Bai Colony A Block 2nd Str is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process is transparent and fair, reflecting the true value of the property being transacted.

Frequently asked questions

What is the current guideline value for Kasthuri Bai Colony A Block 2nd Str?

The current guideline value for Kasthuri Bai Colony A Block 2nd Str is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. It was Rs 2,500 per sq.ft in 2012, and after a decrease in 2017, it rose significantly to Rs 2,500 per sq.ft in 2023.

What is the land classification for Kasthuri Bai Colony A Block 2nd Str?

Kasthuri Bai Colony A Block 2nd Str is classified under Residential Class III Type - II land classification.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kasthuri Bai Colony A Block 2nd Str is located at Purasaivakkam Sub Registrar Office, 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7% and a registration fee of Rs 54,000 at 2%.