Guideline Value for Kasthuri Bai Nagar 3rd Street

Kasthuri Bai Nagar 3rd Street guideline value

The current guideline value of Kasthuri Bai Nagar 3rd 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 falls under the Residential Class III Type - I land classification.

How the guideline value of Kasthuri Bai Nagar 3rd Street has changed

The guideline value for Kasthuri Bai Nagar 3rd Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,350 per sq.ft, representing a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value range from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, placing Kasthuri Bai Nagar 3rd Street above this median.

• Kasthuri Bai Nagar 2nd Street: 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: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai 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 3rd 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, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri Bai Nagar 3rd Street?

The Kasthuri Bai Nagar 3rd Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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 determines the minimum value at which the property must be registered, affecting the stamp duty and registration fees payable.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value to avoid any legal issues during registration. This ensures that all transactions are conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kasthuri Bai Nagar 3rd Street?

The current guideline value of Kasthuri Bai Nagar 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 67%. Specifically, it rose from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024.

What is the land classification for Kasthuri Bai Nagar 3rd Street?

Kasthuri Bai Nagar 3rd Street falls under the Residential Class III Type - I land classification.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kasthuri Bai Nagar 3rd Street?

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