Guideline Value for Kasi Visalatchi Puram

Kasi Visalatchi Puram guideline value

The current guideline value of Kasi Visalatchi Puram is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kasi Visalatchi Puram has changed

The guideline value for Kasi Visalatchi Puram has seen several revisions over the years. In 2003, the value was Rs 181 per sq.ft, which increased significantly to Rs 1,175 per sq.ft in 2007. Following that, the value rose to Rs 2,300 per sq.ft in 2012, but then dropped to Rs 1,541 per sq.ft in 2017. The most recent revisions show a rise to Rs 2,300 per sq.ft in 2023, and currently, it stands at Rs 2,530 per sq.ft from the 2024 revision.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Notably, the overall change from 2003 to 2024 is an increase of 1,298%. The register has no figure for this street in 2002.

Guideline values in Kilkattalai

Kilkattalai village has 194 streets under the Pallavaram SRO, with a range of guideline values from Rs 1,080 to Rs 5,500 per sq.ft. The median value is Rs 2,530 per sq.ft, which is equal to the guideline value for Kasi Visalatchi Puram.

• Kasi Visalakshipuram: Rs 2,530 per sq.ft (2024)
• Kasthuribai Street: Rs 2,530 per sq.ft (2024)
• KGK Nagar: Rs 2,200 per sq.ft (2024)
• Kirupanandhavariyar Avenue: Rs 2,200 per sq.ft (2024)
• Krishna Colony: Rs 1,080 per sq.ft (2024)
• Krishna Nagar: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Visalatchi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasi Visalatchi Puram?

The Sub Registrar Office that covers Kasi Visalatchi Puram is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor that determines the registration fees and stamp duty when buying or selling property in Kilkattalai. It serves as a benchmark for the value of the property and is used by the registration department to calculate the applicable fees.

When a property is sold, the buyer must pay the stamp duty and registration fee based on the higher of the guideline value or the sale price. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kasi Visalatchi Puram?

The current guideline value for Kasi Visalatchi Puram is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 181 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1,298% over the years.

What is the registration fee for property in Kasi Visalatchi Puram?

The registration fee for property transactions in Kasi Visalatchi Puram is calculated based on the guideline value. For example, for a property valued at Rs 25,30,000, the registration fee would be Rs 50,600.

Where is the Sub Registrar Office for Kasi Visalatchi Puram located?

The Sub Registrar Office for Kasi Visalatchi Puram is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used to calculate the applicable fees.