Guideline Value for KUTTY THAMBIRAN STREET 3rd LANE

KUTTY THAMBIRAN STREET 3rd LANE guideline value

The current guideline value of KUTTY THAMBIRAN STREET 3rd 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 3rd LANE has changed

The guideline value for KUTTY THAMBIRAN STREET 3rd LANE has seen several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft, which significantly increased to Rs 4,000 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, where it was again Rs 4,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 4,300 per sq.ft, marking an increase of 8% from the previous year.

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

Guideline values in Perambur

In Perambur, there are 1114 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. KUTTY THAMBIRAN STREET 3rd LANE's 2024 guideline value is above this median.

• KUTTY THAMBIRAN STREET 2nd LANE: Rs 4,300 per sq.ft (2024)
• Kutty Thambiran Street 1st 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 3rd 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 be 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 and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KUTTY THAMBIRAN STREET 3rd LANE?

The Sub Registrar Office that covers KUTTY THAMBIRAN STREET 3rd 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 during property registration 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 property transactions.

When buying or selling a property, the guideline value will be used to calculate applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of KUTTY THAMBIRAN STREET 3rd LANE?

The current guideline value of KUTTY THAMBIRAN STREET 3rd LANE is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2007 to 2024?

The guideline value has increased by 617% from Rs 600 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024.

What is the stamp duty rate applicable for properties in KUTTY THAMBIRAN STREET 3rd LANE?

The stamp duty rate applicable for properties in KUTTY THAMBIRAN STREET 3rd LANE is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for KUTTY THAMBIRAN STREET 3rd LANE?

The Sub Registrar Office for KUTTY THAMBIRAN STREET 3rd LANE is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for KUTTY THAMBIRAN STREET 3rd LANE?

KUTTY THAMBIRAN STREET 3rd LANE is classified as Residential Class II Type - I.