Guideline Value for KUTTY THAMBIRAN STREET

Kutty Thambiran Street guideline value

The current guideline value of Kutty Thambiran Street is Rs 4,900 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 I Type - II.

How the guideline value of Kutty Thambiran Street has changed

Since the 2002 revision, the guideline value for Kutty Thambiran Street has seen significant changes. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 600 per sq.ft in 2007, a 30% increase. By 2012, the value remained at Rs 4,500 per sq.ft, and there was no change until the 2023 revision, which also recorded Rs 4,500 per sq.ft. The 2024 revision saw a notable increase to Rs 4,900 per sq.ft, reflecting a 9% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1067%. Notably, there is no figure available for the 2017 revision in the register for this street.

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making the 2024 guideline value of Kutty Thambiran Street above this median.

• Kutty Thambiran Street 1st Lane: Rs 4,300 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kutty Thambiran Street?

The Sub Registrar Office that covers Kutty Thambiran Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Perambur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in the property transaction. Accurate knowledge of these values helps in planning and budgeting for the purchase or sale of property.

Frequently asked questions

What is the current guideline value of Kutty Thambiran Street?

The current guideline value of Kutty Thambiran Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 1067% over this period.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with Kutty Thambiran Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties in Kutty Thambiran Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for Kutty Thambiran Street?

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