Guideline Value for KATHURIBAI COLONY B BLOCK 5TH STREET

Kathuribai Colony B Block 5th Street guideline value

The current guideline value of Kathuribai Colony B Block 5th 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 Kathuribai Colony B Block 5th Street has changed

The guideline value for Kathuribai Colony B Block 5th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The transition from the 2023 to 2024 revision reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Perambur

In Perambur, 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Kathuribai Colony B Block 5th Street.

• 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)
• Kasturibai Street: Rs 2,700 per sq.ft (2024)
• Kattabomman Street: Rs 2,700 per sq.ft (2024)
• Kasturibai Gandhi Nagar: Rs 4,300 per sq.ft (2024)
• Kasturibai Colony All Streets: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kathuribai Colony B Block 5th 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, 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 and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kathuribai Colony B Block 5th Street?

Kathuribai Colony B Block 5th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kathuribai Colony B Block 5th Street?

The current guideline value of Kathuribai Colony B Block 5th 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 to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, which is the same as the current guideline value for Kathuribai Colony B Block 5th Street.

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

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

Where is the Purasaivakkam Sub Registrar Office located?

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