Guideline Value for KUZHANTHAI ACHARI STREET

Kuzhanthai Achari Street guideline value

The current guideline value of Kuzhanthai Achari Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Kuzhanthai Achari Street has changed

The guideline value for Kuzhanthai Achari Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,800 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 150%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 4,500 per sq.ft in 2023, followed by another rise to the current value of Rs 4,900 per sq.ft in 2024, representing a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 172%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Kuzhanthai Achari Street's 2024 figure below that median.

• Kuzhanthai Gramani Lane: Rs 4,900 per sq.ft (2024)
• Kuzhanthai Gramani Street: Rs 4,900 per sq.ft (2024)
• Kuzhanthai Velu Street: Rs 5,500 per sq.ft (2024)
• Kutti Chetti Street: Rs 5,500 per sq.ft (2024)
• Kuttiappan Street: Rs 5,500 per sq.ft (2024)
• Kuttiappan Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kuzhanthai Achari Street

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

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

Which Sub Registrar Office covers Kuzhanthai Achari Street?

The Sub Registrar Office that covers Kuzhanthai Achari 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 Purasaivakkam

The guideline value is a crucial factor during property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable duties, ensuring that the transaction is in compliance with local regulations. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kuzhanthai Achari Street?

The current guideline value of Kuzhanthai Achari 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 from Rs 1,800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing a significant overall increase of 172% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value for the 519 streets in Purasaivakkam is Rs 5,500 per sq.ft. Kuzhanthai Achari Street's current value is below this median.

What fees are associated with buying property in Kuzhanthai Achari Street?

When buying property, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kuzhanthai Achari Street?

The Sub Registrar Office for Kuzhanthai Achari Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.