Guideline Value for KASTHURI NAGAR

Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar is Rs 804 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur B village under the Sriperumpudur SRO, classified as Residential Class I Type - II.

How the guideline value of Kasthuri Nagar has changed

Since the 2002 revision, the register has no figure for Kasthuri Nagar for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 804 per sq.ft, indicating no percentage change across these revisions.

Overall, from the 2017 revision to the 2024 revision, the guideline value has seen no change, remaining constant at Rs 804 per sq.ft. The consistency in the guideline value indicates stability in this area over the specified years.

Guideline values in Sriperumbudur B

In Sriperumbudur B, there are 114 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 3,000 per sq.ft, with a median value of Rs 902 per sq.ft. The guideline value of Kasthuri Nagar is below this median, reflecting its position within the broader context of the village's property values.

• Krishna Nagar: Rs 1,206 per sq.ft (2024)
• Doctors Vijayam Township Extension: Rs 1,800 per sq.ft (2024)
• Prithvi Nagar: Rs 1,005 per sq.ft (2024)
• Baba Nagar: Rs 2,000 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,206 per sq.ft (2024)
• Adhilakshmi Nagar: Rs 700 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 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total to Rs 72,360. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Sriperumbudur B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. This ensures that the fees are based on a standardized value set by the government.

When selling property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 804 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Kasthuri Nagar?

Kasthuri Nagar is classified as Residential Class I Type - II, indicating its designation for residential purposes within the local planning framework.

What are the stamp duty and registration fees for property in Kasthuri Nagar?

For a property valued at Rs 8,04,000, the stamp duty would be Rs 56,280 and the registration fee would be Rs 16,080, totaling Rs 72,360. These fees are based on the guideline value.

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

The Sub Registrar Office for Kasthuri Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details on how to locate your SRO.