Guideline Value for KUTTY THAMBIRAN STREET 1ST LANE

Kutty Thambiran Street 1st Lane guideline value

The current guideline value of Kutty Thambiran Street 1st Lane is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Kutty Thambiran Street 1st Lane has changed

The guideline value for Kutty Thambiran Street 1st Lane has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 600 per sq.ft, which then increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +567%. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023, where it increased to Rs 4,300 per sq.ft, reflecting an increase of +8%.

Overall, from 2007 to 2024, the guideline value has increased by +617%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

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. The median value for these streets is Rs 2,700 per sq.ft, making the 2024 guideline value for Kutty Thambiran Street 1st Lane above this median.

• Kutty Thambiran Street: Rs 4,900 per sq.ft (2024)
• KUTTY THAMBIRAN STREET 2nd LANE: Rs 4,300 per sq.ft (2024)
• KUTTY THAMBIRAN STREET 3rd LANE: Rs 4,300 per sq.ft (2024)
• K.V.K Samy Street: Rs 2,700 per sq.ft (2024)
• Kumarswamy Mudali Street: Rs 3,800 per sq.ft (2024)
• Kulakkarai Salai (New): Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kutty Thambiran Street 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total fees together to Rs 3,87,000. 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 Kutty Thambiran Street 1st Lane?

The Sub Registrar Office that covers Kutty Thambiran Street 1st Lane 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 stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the fees are based on a standardized value set by the authorities. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Kutty Thambiran Street 1st Lane?

The current guideline value of Kutty Thambiran Street 1st Lane 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 changed from Rs 600 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of +617% over the years.

What is the land classification for this street?

Kutty Thambiran Street 1st Lane is classified as Residential Class II Type - I.

Which office handles registrations for this area?

The Purasaivakkam Sub Registrar Office handles registrations for Kutty Thambiran Street 1st Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 4,300 per sq.ft would incur a total fee of Rs 3,87,000.