Guideline Value for KATHURIBAI COLONY B BLOCK 6TH STREET

Kathuribai Colony B Block 6th Street guideline value

The current guideline value for Kathuribai Colony B Block 6th 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 Kathuribai Colony B Block 6th Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This value decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 2,500 per sq.ft. The most recent revision in 2024 saw another increase, with the value rising to Rs 2,700 per sq.ft, which represents an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. 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, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for Kathuribai Colony B Block 6th Street.

• Kathuribai Colony B Block 5th 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)
• Kasturibai 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 6th Street

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 cost for these fees to Rs 2,43,000. 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 Kathuribai Colony B Block 6th Street?

The Sub Registrar Office that covers Kathuribai Colony B Block 6th 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 crucial factor in the registration process for property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value will be used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Kathuribai Colony B Block 6th Street?

The current guideline value for Kathuribai Colony B Block 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 2,43,000 in fees.

Which Sub Registrar Office is responsible for Kathuribai Colony B Block 6th Street?

The Purasaivakkam Sub Registrar Office is responsible for Kathuribai Colony B Block 6th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Kathuribai Colony B Block 6th Street?

Kathuribai Colony B Block 6th Street is classified as Residential Class III Type - II, indicating its suitability for residential development.