Guideline Value for KASTHURIBAI COLONY A BLOCK 6TH CROSS STREET

Kasthuribai Colony A Block 6th Cross Street guideline value

The current guideline value of Kasthuribai Colony A Block 6th 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 it falls under the Residential Class III Type - II land classification.

How the guideline value of Kasthuribai Colony A Block 6th Cross Street has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has further raised it to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

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 is Rs 2,700 per sq.ft, which is equal to the current guideline value of Kasthuribai Colony A Block 6th Cross Street.

• Kasthuribai Colony A Block 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuri Bai Colony A Block Ist Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony B Block 1st Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony A Block 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Kasthuribai Colony B Block 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Colony A Block 6th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling 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 detailed calculations.

Which Sub Registrar Office covers Kasthuribai Colony A Block 6th Cross Street?

The Sub Registrar Office that covers Kasthuribai Colony A Block 6th Cross 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 critical factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the regulations set by the registration department.

When a property is sold, 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 of Kasthuribai Colony A Block 6th Cross Street?

The current guideline value of Kasthuribai Colony A Block 6th 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 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 is the land classification for this street?

Kasthuribai Colony A Block 6th Cross Street is classified as Residential Class III Type - II.

Where can I find the registration office for this area?

The registration office covering this area is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.