Guideline Value for Kasthuri Bai Nagar 2nd Street

Kasthuri Bai Nagar 2nd Street guideline value

The current guideline value of Kasthuri Bai Nagar 2nd Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Kasthuri Bai Nagar 2nd Street has changed

Over the years, the guideline value for Kasthuri Bai Nagar 2nd Street has seen significant changes. The 2017 revision set the value at Rs 1,407 per sq.ft. In 2023, it increased to Rs 2,099 per sq.ft, marking a 49% rise from the previous revision. The most recent 2024 revision has further increased the value to Rs 2,350 per sq.ft, representing a 12% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 67%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for the village is Rs 1,980 per sq.ft, which means that the guideline value of Kasthuri Bai Nagar 2nd Street is above this median.

• Kasthuri Bai Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• Kasthuribai Nagar: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Kasthuribai Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar Ist Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Bai Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri Bai Nagar 2nd Street?

The Sub Registrar Office that covers Kasthuri Bai Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the property's worth according to the official guidelines.

Frequently asked questions

What is the current guideline value of Kasthuri Bai Nagar 2nd Street?

The current guideline value of Kasthuri Bai Nagar 2nd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67%. The value rose from Rs 2,099 per sq.ft in 2023 to Rs 2,350 per sq.ft in 2024, which is a 12% increase.

What is the land classification for Kasthuri Bai Nagar 2nd Street?

Kasthuri Bai Nagar 2nd Street is classified as Residential Class III Type - I, indicating its designation for residential purposes within the village.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Kasthuri Bai Nagar 2nd Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at a rate of 7%.