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Guideline Value

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Guideline Value for KASTHURIBAI COLONY B BLOCK 4TH STREET

₹2700/sq.ft.

The guideline value for Kasthuribai Colony B Block 4th Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kasthuribai Colony B Block 4th Street

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Kasthuribai Colony B Block 4th Street guideline value

The current guideline value of Kasthuribai Colony B Block 4th 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 B Block 4th Street has changed

The guideline value for Kasthuribai Colony B Block 4th Street has seen several revisions over the years. The oldest recorded revision is from 2017, with a guideline value of Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%, demonstrating a substantial growth in the value of properties in this area.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have 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 the same as the guideline value for Kasthuribai Colony B Block 4th Street.

Stamp duty and registration fee for property in Kasthuribai Colony B Block 4th 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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total cost of 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuribai Colony B Block 4th Street?

The Sub Registrar Office that covers Kasthuribai Colony B Block 4th 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 plays a crucial role during the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property in question.

Frequently asked questions

What is the current guideline value of Kasthuribai Colony B Block 4th Street?

The current guideline value of Kasthuribai Colony B Block 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 61% over this period.

What was the guideline value in 2023?

In 2023, the guideline value for Kasthuribai Colony B Block 4th Street was Rs 2,500 per sq.ft, which was an increase from Rs 1,675 per sq.ft in 2017.

Is there a guideline value for previous years?

The register does not have recorded figures for the years 2002, 2003, 2007, and 2012 for this street; therefore, no values are available for those years.

What is the role of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It ensures that these fees are based on an official valuation set by the government, which is essential for the registration process.