Guideline Value for KASTHURI BAI STREET

Kasthuri Bai Street guideline value

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

How the guideline value of Kasthuri Bai Street has changed

The guideline value for Kasthuri Bai Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 511 per sq.ft. This increased to Rs 561 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 900 per sq.ft, reflecting a significant 60% increase. The next revision in 2012 saw the value rise to Rs 4,000 per sq.ft, a remarkable 344% increase from the previous figure. However, in 2017, it dropped to Rs 2,680 per sq.ft, which was a decrease of 33%.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, and then it increased by 10% to reach the current value of Rs 4,400 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 761% for Kasthuri Bai Street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing the 2024 figure for Kasthuri Bai Street below this median.

• K.A. Thangavel Colony: Rs 5,000 per sq.ft (2024)
• Kasthuri Bai Nagar: Rs 4,400 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)
• Khan Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Bai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kasthuri Bai Street?

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

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

The guideline value is an essential factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Puliyur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the state's regulations.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs involved in the registration process. Understanding this value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Kasthuri Bai Street?

The current guideline value of Kasthuri Bai Street 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 changed significantly from Rs 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 761% over this period.

What is the classification of land on Kasthuri Bai Street?

Kasthuri Bai Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

Where can I find more information about stamp duty and registration fees?

For detailed calculations on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles registrations for properties on Kasthuri Bai Street?

The Kodambakkam Sub Registrar Office handles registrations for properties on Kasthuri Bai Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.