Guideline Value for Kasthuri Street Extension

Kasthuri Street Extension guideline value

The current guideline value of Kasthuri Street Extension is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kasthuri Street Extension has changed

Since its last revision in 2012, the guideline value for Kasthuri Street Extension has seen several changes. In 2012, the value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions from 2017 to 2023 reflect a 49% increase, while the drop from 2012 to 2017 was 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, making the 2024 figure for Kasthuri Street Extension below the median.

• Kasturi Bai Street: Rs 1,980 per sq.ft (2024)
• Kasthuri Nagar: Rs 3,960 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 Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuri Street Extension?

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should always verify the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kasthuri Street Extension?

The current guideline value of Kasthuri Street Extension is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kasthuri Street Extension?

Kasthuri Street Extension is classified as Residential Class III Type - I.

What is the stamp duty for property in Kasthuri Street Extension?

The stamp duty for property in Kasthuri Street Extension is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kasthuri Street Extension located?

The Sub Registrar Office for Kasthuri Street Extension is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.