Guideline Value for Kasthuri Estate MainRoad

Kasthuri Estate MainRoad guideline value

The current guideline value of Kasthuri Estate MainRoad is Rs 17,500 per sq.ft. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kasthuri Estate MainRoad has changed

The guideline value for Kasthuri Estate MainRoad has seen several revisions over the years. As per the 2024 revision, the value is set at Rs 17,500 per sq.ft, which reflects an increase from the 2023 revision figure of Rs 16,000 per sq.ft, marking a change of +9%. It is important to note that there are no figures available for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

In summary, the most recent changes indicate a significant upward adjustment in the guideline value from 2023 to 2024. The historical figures prior to 2023 are not available for this street, which limits the ability to assess long-term trends.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are a total of 332 streets under the Chennai Central Joint I SRO that carry a guideline value for 2024, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing the guideline value of Kasthuri Estate MainRoad above this median.

• Kasthuri Estate 3rd Street: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate 3rd Lane: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate 2nd Street: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate 1st Street: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate: Rs 17,500 per sq.ft (2024)
• Kasthuri Ranga 1st Lane: Rs 17,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Estate MainRoad

For a 1,000 sq.ft plot at the current guideline value of Rs 17,500 per sq.ft, the total guideline value amounts to Rs 1,75,00,000. The stamp duty at 7% would be Rs 12,25,000, and the registration fee at 2% would be Rs 3,50,000, totaling Rs 15,75,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Estate MainRoad?

The Sub Registrar Office that covers Kasthuri Estate MainRoad is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor when registering property transactions in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures transparency and helps in maintaining a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Kasthuri Estate MainRoad?

The current guideline value of Kasthuri Estate MainRoad is Rs 17,500 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 16,000 per sq.ft in 2023 to Rs 17,500 per sq.ft in 2024, representing a change of +9%. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Kasthuri Estate MainRoad?

The land classification for Kasthuri Estate MainRoad is Residential Special Type - III, indicating its designated use within the area.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 15,75,000.

Where can I find the Sub Registrar Office for Kasthuri Estate MainRoad?

The Sub Registrar Office for Kasthuri Estate MainRoad is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.