Guideline Value for KATHURIBAI COLONY B BLOCK 7TH STREET

Kathuribai Colony B Block 7th Street guideline value

The current guideline value of Kathuribai Colony B Block 7th Street is Rs 2,700 per sq.ft. 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 7th Street has changed

The guideline value for Kathuribai Colony B Block 7th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which changed to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. The value then rose significantly to Rs 2,500 per sq.ft in 2023, followed by the current rate of Rs 2,700 per sq.ft effective from July 1, 2024, reflecting an increase of 8% 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 that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current figure for Kathuribai Colony B Block 7th Street.

• Kathuribai Colony B Block 6th Street: Rs 2,700 per sq.ft (2024)
• Kathuribai Colony B Block 5th 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 7th 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 charges 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 Kathuribai Colony B Block 7th Street?

The Kathuribai Colony B Block 7th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is crucial during property transactions in Perambur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When buying or selling a property, it is essential to be aware of the guideline value, as it ensures compliance with local regulations and helps in accurately assessing the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Kathuribai Colony B Block 7th Street?

The current guideline value of Kathuribai Colony B Block 7th Street is Rs 2,700 per sq.ft, effective from July 1, 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 back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for this street?

Kathuribai Colony B Block 7th Street is classified as Residential Class III Type - II.

Where can I find the registration office for this area?

The registration office covering Kathuribai Colony B Block 7th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated on properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.