Guideline Value for KASTHURI NAGAR

Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar is Rs 4,355 per sq.ft, effective from 1 July 2024. This street is located in 1. Nolambur village under the Villivakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Kasthuri Nagar has changed

The guideline value for Kasthuri Nagar has been consistent over the years, with no figures recorded in the register for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a guideline value of Rs 4,355 per sq.ft for both 2023 and 2024, indicating no change between these two years.

Thus, from the 2023 revision to the 2024 revision, the guideline value has seen a change of +0%. This consistency suggests stability in the valuation of this street within the current framework of the Villivakkam SRO.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing the guideline value of Kasthuri Nagar below this median.

• Kgeyes Apoorvaa: Rs 7,100 per sq.ft (2024)
• Jeyabarath Apartments: Rs 7,100 per sq.ft (2024)
• Madha Koil Street: Rs 5,500 per sq.ft (2024)
• Madha Koil Street 1 to 8: Rs 5,500 per sq.ft (2024)
• Jain Sundarbans [Guruswamy Street]: Rs 7,100 per sq.ft (2024)
• Jain Nakshathra: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,355 per sq.ft, the total guideline value amounts to Rs 43,55,000. The stamp duty, charged at 7%, would be Rs 3,04,850, while the registration fee at 2% would be Rs 87,100, bringing the total to Rs 3,91,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value plays a crucial role in the registration process when buying or selling property in 1. Nolambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered alongside the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 4,355 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kasthuri Nagar has remained at Rs 4,355 per sq.ft for both the 2023 and 2024 revisions, with no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in 1. Nolambur?

The median guideline value for streets in 1. Nolambur is Rs 7,100 per sq.ft, with Kasthuri Nagar's value being below this median.

What are the stamp duty rates applicable in Kasthuri Nagar?

The stamp duty rate applicable in Kasthuri Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Kasthuri Nagar?

The Sub Registrar Office for Kasthuri Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.