Guideline Value for Kasthuri Bai Nagar 5th Street

Kasthuri Bai Nagar 5th Street guideline value

The current guideline value of Kasthuri Bai Nagar 5th Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Kasthuri Bai Nagar 5th Street has changed

The guideline value for Kasthuri Bai Nagar 5th Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 has set the value at Rs 2,350 per sq.ft, reflecting 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 in 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 ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, and Kasthuri Bai Nagar 5th Street's 2024 figure is above that median.

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

Stamp duty and registration fee for property in Kasthuri Bai Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to 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 and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Bai Nagar 5th Street?

The Sub Registrar Office that covers Kasthuri Bai Nagar 5th Street is 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

When buying or selling property in Anakaputhur, the guideline value is crucial as it determines the amount of stamp duty and registration fees payable. The guideline value serves as a benchmark for property transactions and is used to assess the official value of the property for tax purposes.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of a property transaction. Accurate knowledge of the guideline value ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kasthuri Bai Nagar 5th Street?

The current guideline value of Kasthuri Bai Nagar 5th Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, which is a total increase of 67% over the seven years.

What is the land classification for Kasthuri Bai Nagar 5th Street?

Kasthuri Bai Nagar 5th Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Kasthuri Bai Nagar 5th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with the same guideline value of Rs 2,350 per sq.ft include Kasthuri Bai Nagar 4th Street, 6th Street, 3rd Street, Ist Street, 2nd Street, and the Main Road.