Guideline Value for KASTURIBAI COLONY ALL STREETS

Kasturibai Colony All Streets guideline value

The current guideline value for Kasturibai Colony All Streets is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class III Type - II.

How the guideline value of Kasturibai Colony All Streets has changed

The guideline value for Kasturibai Colony All Streets has seen significant changes over the years. In the 2007 revision, the value was Rs 550 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in the 2017 revision. The value rose again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft from the 2024 revision. The changes between these revisions are notable, with a 355% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a substantial 49% increase from 2017 to 2023. The most recent revision from 2023 to 2024 reflects an 8% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 391%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value for Kasturibai Colony All Streets.

• Kasturibai Gandhi Nagar: Rs 4,300 per sq.ft (2024)
• Kasturibai Street: Rs 2,700 per sq.ft (2024)
• Kathuribai Colony B Block 5th Street: Rs 2,700 per sq.ft (2024)
• Kathuribai Colony B Block 6th Street: Rs 2,700 per sq.ft (2024)
• Kathuribai Colony B Block 7th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasturibai Colony All Streets

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 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 Kasturibai Colony All Streets?

The Sub Registrar Office that covers Kasturibai Colony All Streets 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 the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

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, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value for Kasturibai Colony All Streets?

The current guideline value for Kasturibai Colony All Streets 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 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 391% over the years.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles property registrations in Kasturibai Colony?

The Purasaivakkam Sub Registrar Office handles property registrations in Kasturibai Colony, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Kasturibai Colony All Streets?

Kasturibai Colony All Streets is classified as Residential Class III Type - II, which indicates its suitability for residential development.