Guideline Value for KUZHANTHAI GRAMANI LANE

Kuzhanthai Gramani Lane guideline value

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

How the guideline value of Kuzhanthai Gramani Lane has changed

The guideline value for Kuzhanthai Gramani Lane has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% rise. However, the value then decreased to Rs 3,015 per sq.ft in 2017, a reduction of 33%. The subsequent revision in 2023 saw another increase to Rs 4,500 per sq.ft, followed by the current value of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 172%. The register has no figures for the years 2002 and 2003 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, with a median value of Rs 5,500 per sq.ft. The guideline value of Kuzhanthai Gramani Lane is below this median.

• Kuzhanthai Achari Street: 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 Gramani Lane

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, making the total fees 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.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kuzhanthai Gramani Lane?

The Sub Registrar Office that covers Kuzhanthai Gramani 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 Purasaivakkam

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

When a property is sold, the buyer and seller must consider the guideline value to ensure that the stamp duty is calculated correctly. This value helps in establishing a fair amount for taxation purposes, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kuzhanthai Gramani Lane?

The current guideline value of Kuzhanthai Gramani Lane 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, reflecting an overall increase of 172% over the years.

What are the registration fees for property transactions in Kuzhanthai Gramani Lane?

The registration 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.

Which office handles property registrations for Kuzhanthai Gramani Lane?

The Purasaivakkam Sub Registrar Office handles property registrations for Kuzhanthai Gramani Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the range of guideline values for streets in Purasaivakkam?

The guideline values for streets in Purasaivakkam range from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft.