Guideline Value

Corporate

Guideline Value for Kasthuri Nagar

₹1320/sq.ft.

The guideline value for Kasthuri Nagar in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Peerklankaranai

Village

Tambaram Joint 1

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kasthuri Nagar

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Kasthuri Nagar guideline value

The current guideline value of Kasthuri Nagar, located in Peerklankaranai village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

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 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, which was a significant increase of 49% from the previous 2012 figure of Rs 1,200 per sq.ft. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Looking further back, the 2012 revision maintained the value at Rs 1,200 per sq.ft, after a decrease of 33% from Rs 804 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. This consistent tracking of values reflects the changes in the local real estate landscape.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a guideline value for 2024 ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Kasthuri Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Kasthuri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the stamp 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 further calculations.

Which Sub Registrar Office covers Kasthuri Nagar?

The Sub Registrar Office that covers Kasthuri Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kasthuri Nagar?

The current guideline value of Kasthuri Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What are the other streets in Peerklankaranai?

Other streets in Peerklankaranai include Kattabomman 1st Cross st, Kattabomman 2nd Cross st, Kattabomman 3rd Cross st, Kattabomman 4th Cross st, Kattabomman 5th Cross st, and Kattabomman Street, with values ranging from Rs 880 to Rs 1,320 per sq.ft in 2024.

What is the stamp duty for properties in Kasthuri Nagar?

The stamp duty for properties in Kasthuri Nagar is calculated at 7% of the higher value between the guideline value and the sale price. For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400.

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

The Sub Registrar Office covering Kasthuri Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.