Guideline Value for KUTTY THAMBIRAN STREET 2nd LANE

KUTTY THAMBIRAN STREET 2nd LANE guideline value

The current guideline value of KUTTY THAMBIRAN STREET 2nd 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 2nd LANE has changed

The guideline value for KUTTY THAMBIRAN STREET 2nd LANE has undergone several revisions since 2007. The 2007 revision set the value at Rs 600 per sq.ft, which saw a significant increase to Rs 4,000 per sq.ft in the 2012 revision, marking a change of +567%. The latest revision in 2024 raised the value to Rs 4,300 per sq.ft, reflecting an increase of +8% from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +617%.

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, with a median value of Rs 2,700 per sq.ft. The guideline value for KUTTY THAMBIRAN STREET 2nd LANE is above this median.

• Kutty Thambiran Street 1st Lane: Rs 4,300 per sq.ft (2024)
• KUTTY THAMBIRAN STREET 3rd LANE: Rs 4,300 per sq.ft (2024)
• Kutty Thambiran Street: Rs 4,900 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 2nd 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 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 the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers KUTTY THAMBIRAN STREET 2nd LANE?

The Sub Registrar Office that covers KUTTY THAMBIRAN STREET 2nd 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 when buying or selling property in Perambur. It determines the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When registering a property, the guideline value serves as a benchmark. Buyers and sellers must consider this value to understand the costs associated with the transfer of ownership, making it essential for accurate financial planning.

Frequently asked questions

What is the current guideline value of KUTTY THAMBIRAN STREET 2nd LANE?

The current guideline value of KUTTY THAMBIRAN STREET 2nd 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 are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,87,000 based on the current guideline value.

Which office handles the registration for KUTTY THAMBIRAN STREET 2nd LANE?

The Purasaivakkam Sub Registrar Office handles the registration for KUTTY THAMBIRAN STREET 2nd LANE, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Are there other streets with similar guideline values in Perambur?

Yes, there are several other streets in Perambur with similar guideline values. For instance, Kutty Thambiran Street 1st Lane and KUTTY THAMBIRAN STREET 3rd LANE also have a guideline value of Rs 4,300 per sq.ft in 2024.