Guideline Value for KASTHURIBAI COLONY A BLOCK 3RD STREET

Kasthuribai Colony A Block 3rd Street guideline value

The current guideline value of Kasthuribai Colony A Block 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, with a land classification of Residential Class III Type - II.

How the guideline value of Kasthuribai Colony A Block 3rd Street has changed

The guideline value for Kasthuribai Colony A Block 3rd Street has seen several revisions over the years. The earliest available figure is from 2012, when the guideline value was Rs 2,500 per sq.ft. This value changed to Rs 1,675 per sq.ft in 2017, which was a decrease of 33%. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by 8%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Kasthuribai Colony A Block 3rd Street.

• Kasthuribai Colony A Block 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th 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 4th Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 5th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Colony A Block 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuribai Colony A Block 3rd Street?

The Sub Registrar Office that covers Kasthuribai Colony A Block 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately for taxation purposes.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kasthuribai Colony A Block 3rd Street?

The current guideline value of Kasthuribai Colony A Block 3rd 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would be Rs 2,43,000.

Which office handles property registrations for Kasthuribai Colony A Block 3rd Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Kasthuribai Colony A Block 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Kasthuribai Colony A Block 3rd Street?

The land classification for Kasthuribai Colony A Block 3rd Street is Residential Class III Type - II.