Guideline Value for Kasthuri Nagar

Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kasthuri Nagar has changed

Looking back at the revisions, the guideline value for Kasthuri Nagar was Rs 268 per sq.ft in 2017. It remained unchanged at Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from the 2017 figure to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value remained stable at Rs 400 per sq.ft, showing no change. Overall, from 2017 to 2024, the increase has been 49%, with the current rate reflecting a significant rise from the earlier figure.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Kasthuri Nagar's 2024 figure above that median.

• Karuneekar Nagar: Rs 250 per sq.ft (2024)
• Kanthapuri: Rs 400 per sq.ft (2024)
• KR Garden: Rs 250 per sq.ft (2024)
• KR Garden Phase-II: Rs 400 per sq.ft (2024)
• Kulakkarai street: Rs 400 per sq.ft (2024)
• Kundrathur main road: Rs 500 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. 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 information.

Which Sub Registrar Office covers Kasthuri Nagar?

The Sub Registrar Office that covers Kasthuri Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Somangalam_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kasthuri Nagar was Rs 268 per sq.ft in 2017 and has remained at Rs 400 per sq.ft since 2023. This represents a 49% increase from the 2017 figure to the current value.

What is the land classification of Kasthuri Nagar?

Kasthuri Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Kasthuri Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kasthuri Nagar located?

The Sriperumpudur Sub Registrar Office, which covers Kasthuri Nagar, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.