Guideline Value for Kasthuri Ranga 1st Lane

Kasthuri Ranga 1st Lane guideline value

The current guideline value of Kasthuri Ranga 1st Lane is Rs 17,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO, and is classified as Residential Special Type - III.

How the guideline value of Kasthuri Ranga 1st Lane has changed

The guideline value for Kasthuri Ranga 1st Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 17,500 per sq.ft, which is an increase from Rs 16,000 per sq.ft in 2023, marking a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value rose from Rs 16,000 in 2023 to Rs 17,500 in 2024. The previous revisions do not provide any figures for this street, indicating that the guideline value has been updated only recently.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values 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, and the value for Kasthuri Ranga 1st Lane is above this median.

• Kasthuri Ranga Road: Rs 17,500 per sq.ft (2024)
• Kasthuri Estate MainRoad: Rs 17,500 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kasthuri Ranga 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 17,500 per sq.ft, the total guideline value would be Rs 1,75,00,000. The stamp duty at 7% would amount to Rs 12,25,000, while the registration fee at 2% would be Rs 3,50,000, making the total fees together Rs 15,75,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuri Ranga 1st Lane?

The Sub Registrar Office that covers Kasthuri Ranga 1st Lane 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 1

The guideline value plays a crucial role in the registration of property transactions in Mylapore Part 1. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with state regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of the transaction. Accurate knowledge of these values helps in planning the budget for property purchases and sales.

Frequently asked questions

What is the current guideline value for Kasthuri Ranga 1st Lane?

The current guideline value for Kasthuri Ranga 1st Lane is Rs 17,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value changed from Rs 16,000 per sq.ft in 2023 to Rs 17,500 per sq.ft in 2024, representing an increase of +9%.

Are there any years without guideline values for this street?

Yes, the register has no figures for Kasthuri Ranga 1st Lane for the years 2017, 2012, 2007, 2003, and 2002.

What is the registration office for Kasthuri Ranga 1st Lane?

The registration office for Kasthuri Ranga 1st Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value relevant when buying property?

The guideline value is relevant as it determines the stamp duty and registration fees that must be paid during property transactions. Buyers need to be aware of this value to accurately budget for their property purchases.