Guideline Value for Kasthuri Nagar

Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar, located in Perungalathur village under the Padappai SRO, is Rs 3,960 per sq.ft, effective from 1 July 2024. This area falls under the Commercial Class I Type - I land classification.

How the guideline value of Kasthuri Nagar has changed

Over the years, the guideline value of Kasthuri Nagar has seen several revisions. The earliest recorded figure is from 2012, set at Rs 3,600 per sq.ft. This was followed by a decrease to Rs 2,412 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 3,600 per sq.ft, and the most recent 2024 revision has set it at Rs 3,960 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which means Kasthuri Nagar's 2024 figure of Rs 3,960 per sq.ft is above this median.

• Kasthuri Street Extension: Rs 1,980 per sq.ft (2024)
• Kasturi Bai Street: Rs 1,980 per sq.ft (2024)
• Kattabomman Theru: Rs 1,980 per sq.ft (2024)
• Kavei Amman Koil Theru: Rs 1,650 per sq.ft (2024)
• Kaveri Theru: Rs 1,980 per sq.ft (2024)
• Karumariyamman Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, these fees amount to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Nagar?

The Sub Registrar Office that covers Kasthuri Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then back to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Kasthuri Street Extension, Kasturi Bai Street, Kattabomman Theru, Kavei Amman Koil Theru, Kaveri Theru, and Karumariyamman Nagar, with guideline values ranging from Rs 1,650 to Rs 2,310 per sq.ft in 2024.

What is the stamp duty for property in Kasthuri Nagar?

The stamp duty for property in Kasthuri Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 2,77,200.

Where can I find the Sub Registrar Office for Kasthuri Nagar?

The Sub Registrar Office for Kasthuri Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more details by visiting the appropriate link.