Guideline Value for KASTHURI BAI NAGAR

Kasthuri Bai Nagar guideline value

The current guideline value of Kasthuri Bai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Kasthuri Bai Nagar has changed

The guideline value for Kasthuri Bai Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 900 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 344%. However, the value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a remarkable increase of 389% in the guideline value. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Kasthuri Bai Nagar's 2024 figure below that median.

• Kasthuri Bai Street: Rs 4,400 per sq.ft (2024)
• K.A. Thangavel Colony: Rs 5,000 per sq.ft (2024)
• Karumari Amman Koil Street: Rs 5,000 per sq.ft (2024)
• Karnan Street: Rs 6,300 per sq.ft (2024)
• Karnan Lane: Rs 5,000 per sq.ft (2024)
• Kanthappan Colony: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Bai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kasthuri Bai Nagar?

The Sub Registrar Office that covers Kasthuri Bai Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is fixed by the government and is periodically revised to reflect market conditions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to prevent underreporting of property prices. This value is essential for legal documentation and ensures transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Kasthuri Bai Nagar?

The current guideline value of Kasthuri Bai Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 389% over the years.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur include Kasthuri Bai Street at Rs 4,400 per sq.ft, K.A. Thangavel Colony at Rs 5,000 per sq.ft, and Karnan Street at Rs 6,300 per sq.ft, among others.

What is the registration office for Kasthuri Bai Nagar?

The registration office for Kasthuri Bai Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated in Kasthuri Bai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would amount to Rs 3,08,000.