Guideline Value for KASTHURI NAGAR

Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar is Rs 500 per sq.ft. This area falls under Sirukadal village and is governed by the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Kasthuri Nagar has changed

According to the register, the guideline value for Kasthuri Nagar has undergone several revisions. The most recent revision in 2023 set the guideline value at Rs 500 per sq.ft. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street, indicating that the register has not provided any guideline values for those years.

Since the 2023 revision, there have been no changes in the guideline value for Kasthuri Nagar. Thus, the current rate remains consistent with the latest revision, with no fluctuations noted in previous years.

Guideline values in Sirukadal

While specific village figures are not provided, Kasthuri Nagar is part of the Sirukadal locality. There are no other streets in Sirukadal listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Kasthuri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Nagar?

The Sub Registrar Office that covers Kasthuri Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 500 per sq.ft as per the 2023 revision.

What is the land classification for Kasthuri Nagar?

The land classification for Kasthuri Nagar is Residential Special Type - I.

Are there any previous revisions for the guideline value of Kasthuri Nagar?

Yes, the guideline value for Kasthuri Nagar has been revised in 2023, but there are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002.

How is stamp duty calculated for properties in Kasthuri Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.

Where is the Sub Registrar Office for Kasthuri Nagar located?

The Sub Registrar Office for Kasthuri Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.