Guideline Value for KasthuriBai Nagar Nethaji Street

KasthuriBai Nagar Nethaji Street guideline value

The current guideline value of KasthuriBai Nagar Nethaji Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of KasthuriBai Nagar Nethaji Street has changed

The guideline value for KasthuriBai Nagar Nethaji Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase in the subsequent revisions, rising to Rs 1,500 per sq.ft in 2023, and further increasing to Rs 1,650 per sq.ft in 2024, reflecting a 10% growth from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which matches the current guideline value for KasthuriBai Nagar Nethaji Street.

• Kasthuri Bai Street: Rs 1,650 per sq.ft (2024)
• Kannan Street: Rs 2,750 per sq.ft (2024)
• Kannadapalayam Road: Rs 1,650 per sq.ft (2024)
• Kamatchi Nagar: Rs 2,750 per sq.ft (2024)
• Kamarajar Nagar (North)Amarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• Kamachi Nagar 3rd Cross St: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in KasthuriBai Nagar Nethaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers KasthuriBai Nagar Nethaji Street?

The Sub Registrar Office that covers KasthuriBai Nagar Nethaji Street 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 information.

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

When buying or selling property in Kadaperi, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for calculating these fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value is compared with the sale price, and the higher of the two amounts will be used to calculate the applicable duties and fees. This ensures that the registration process is transparent and consistent across all transactions.

Frequently asked questions

What is the current guideline value of KasthuriBai Nagar Nethaji Street?

The current guideline value of KasthuriBai Nagar Nethaji Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for KasthuriBai Nagar Nethaji Street?

The land classification for KasthuriBai Nagar Nethaji Street is Residential Class I Type - II.

What is the stamp duty for a property in KasthuriBai Nagar Nethaji Street?

The stamp duty for a property in KasthuriBai Nagar Nethaji Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in Kadaperi?

The Tambaram Joint 1 Sub Registrar Office handles registrations for properties in Kadaperi, located at No.26, MES Road, East Tambaram, Chennai-600059.