Guideline Value for KASTHURI BAI COLONY A BLOCK IST STREET

Kasthuri Bai Colony A Block Ist Street guideline value

The current guideline value of Kasthuri Bai Colony A Block Ist Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Kasthuri Bai Colony A Block Ist Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in 2017. Subsequently, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,700 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

The changes between revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an increase of 8% in the guideline value.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the current value for Kasthuri Bai Colony A Block Ist Street.

• Kasthuribai Colony A Block 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony B Block 1st Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony B Block 2nd Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony B Block 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Bai Colony A Block Ist Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri Bai Colony A Block Ist Street?

The Sub Registrar Office that covers Kasthuri Bai Colony A Block Ist Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is essential during the registration process of property transactions in Perambur. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in determining the official value of the property, which is crucial for legal and financial purposes. It ensures transparency in property transactions and helps avoid disputes regarding property values.

Frequently asked questions

What is the current guideline value for Kasthuri Bai Colony A Block Ist Street?

The current guideline value for Kasthuri Bai Colony A Block Ist Street 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 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,43,000, based on the current guideline value of Rs 27,00,000.

Which office handles property registrations in Kasthuri Bai Colony A Block Ist Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Kasthuri Bai Colony A Block Ist Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for this street?

Kasthuri Bai Colony A Block Ist Street is classified as Residential Class III Type - II.