Guideline Value for KASTURIBAI GANDHI NAGAR

Kasturibai Gandhi Nagar guideline value

The current guideline value of Kasturibai Gandhi Nagar is Rs 4,300 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kasturibai Gandhi Nagar has changed

The guideline value for Kasturibai Gandhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. Following this, there was a substantial rise to Rs 800 per sq.ft in 2007, and then it jumped to Rs 4,000 per sq.ft in 2012. However, the value dropped to Rs 2,680 per sq.ft in 2017 before reaching Rs 4,000 per sq.ft again in 2023. The latest revision in 2024 set the guideline value at Rs 4,300 per sq.ft, marking an increase of 8% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 924%. Notably, there are no figures available for the revisions in years other than those listed above for this street.

Guideline values in Perambur

In Perambur village, 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 is Rs 2,700 per sq.ft, which means that Kasturibai Gandhi Nagar's 2024 figure is above this median.

• Kasturibai Colony All Streets: Rs 2,700 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 Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasturibai Gandhi Nagar?

Kasturibai Gandhi Nagar is covered by 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 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 transactions are conducted fairly and transparently.

When you register a property, the guideline value will be considered along with the sale price. The higher of the two will be used to calculate the applicable stamp duty and registration fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Kasturibai Gandhi Nagar?

The current guideline value of Kasturibai Gandhi Nagar is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 420 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 924% over this period.

What is the land classification for Kasturibai Gandhi Nagar?

The land classification for Kasturibai Gandhi Nagar is Residential Class II Type - I.

What are the other streets in Perambur and their guideline values?

Other streets in Perambur include Kasturibai Colony All Streets, Kasturibai Street, and several streets in Kathuribai Colony B Block, all valued at Rs 2,700 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Kasturibai Gandhi Nagar?

The Purasaivakkam Sub Registrar Office, which covers Kasturibai Gandhi Nagar, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.