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Guideline Value

Corporate

Guideline Value for Kasthuri Bai Nagar - I

₹880/sq.ft.

The guideline value for Kasthuri Bai Nagar - I in Sundaracholavaram village (Kunrathur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sundaracholavaram

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kasthuri Bai Nagar - I

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Kasthuri Bai Nagar - I guideline value

The current guideline value of Kasthuri Bai Nagar - I is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kasthuri Bai Nagar - I has changed

The guideline value for Kasthuri Bai Nagar - I has undergone several revisions over the years. The oldest recorded figure is from 2007, when the value was Rs 250 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 220%. However, the value then decreased to Rs 536 per sq.ft in 2017, a decline of 33%. The most recent figure before the current revision was Rs 800 per sq.ft in 2023, which then increased to Rs 880 per sq.ft in 2024, reflecting a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 252%.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. This lack of data highlights the significant changes that have taken place in the subsequent years.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Kasthuri Bai Nagar - I at Rs 880 per sq.ft is above this median.

Stamp duty and registration fee for property in Kasthuri Bai Nagar - I

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Bai Nagar - I?

The Sub Registrar Office that covers Kasthuri Bai Nagar - I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Sundaracholavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kasthuri Bai Nagar - I?

The current guideline value of Kasthuri Bai Nagar - I is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, an overall increase of 252%.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty at 7% is Rs 61,600, and the registration fee at 2% is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Kasthuri Bai Nagar - I, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect changes in the real estate market.