Guideline Value for Kasthuri Nagar

Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kasthuri Nagar has changed

The guideline value for Kasthuri Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, with the 2024 value reflecting a stable rate compared to the previous year.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Kasthuri Nagar's 2024 figure above that median.

• Katchiapattu Middle Street: Rs 700 per sq.ft (2024)
• Katchipattu Colony Kamarajar Nagar: Rs 700 per sq.ft (2024)
• Keezh Pushkarani Street: Rs 700 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 700 per sq.ft (2024)
• Kothanda Nagar: Rs 1,200 per sq.ft (2024)
• Kammala Street: Rs 700 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained the same at Rs 1,200 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 49%, and overall, from 2017 to 2024, there has been a 49% increase.

What is the land classification of Kasthuri Nagar?

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

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kasthuri Nagar located?

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