Guideline Value for KASTHURIBAI COLONY A BLOCK 2ND CROSS STREET

Kasthuribai Colony A Block 2nd Cross Street guideline value

The current guideline value of Kasthuribai Colony A Block 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class III Type - II.

How the guideline value of Kasthuribai Colony A Block 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft, marking a drop of 33%. Following this, the value saw a significant increase in the 2023 revision to Rs 2,500 per sq.ft, and further rose to Rs 2,700 per sq.ft in the 2024 revision, representing an 8% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Kasthuribai Colony A Block 2nd Cross Street.

• Kasthuribai Colony A Block 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuri Bai Colony A Block 2nd Str: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 3rd Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Colony A Block 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, and the registration fee, charged at 2%, would be Rs 54,000. Together, the total fees would amount to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kasthuribai Colony A Block 2nd Cross Street?

The Sub Registrar Office that covers Kasthuribai Colony A Block 2nd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Perambur. It is used as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kasthuribai Colony A Block 2nd Cross Street?

The current guideline value for Kasthuribai Colony A Block 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 increasing it to Rs 2,700 per sq.ft from Rs 2,500 per sq.ft in 2023. The value was Rs 1,675 per sq.ft in 2017, showing a significant increase over the years.

What is the land classification for this street?

Kasthuribai Colony A Block 2nd Cross Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Kasthuribai Colony A Block 2nd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,700 per sq.ft would incur a total guideline value of Rs 27,00,000, leading to specific stamp duty and registration fees.