Guideline Value for Kasthuribai Nagar 1st Cross Street

Kasthuribai Nagar 1st Cross Street guideline value

The current guideline value of Kasthuribai Nagar 1st Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kasthuribai Nagar 1st Cross Street has changed

The guideline value for Kasthuribai Nagar 1st Cross Street has seen several revisions over the years. In 2003, the value was Rs 2,049 per sq.ft, which increased to Rs 3,500 per sq.ft in 2007, marking a significant rise of 71%. The value then surged to Rs 8,500 per sq.ft in 2012, reflecting a substantial increase of 143%. However, it dropped to Rs 5,695 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 saw the value rise to Rs 8,500 per sq.ft again, before reaching the current figure of Rs 9,400 per sq.ft in 2024, an increase of 11% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 359%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Pallipattu

Pallipattu village has a total of 72 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 9,400 per sq.ft, which aligns with the current guideline value of Kasthuribai Nagar 1st Cross Street.

• Kasthuribai Nagar 1st Main Road: Rs 15,400 per sq.ft (2024)
• Kasthuribai Nagar 2nd Cross Street: Rs 9,400 per sq.ft (2024)
• Kasthuribai Nagar 2nd Main Road: Rs 12,700 per sq.ft (2024)
• Kasthuribai Nagar 3rd Cross Street: Rs 9,400 per sq.ft (2024)
• Kasthuribai Nagar 3rd Main Road: Rs 12,700 per sq.ft (2024)
• Kasthuribai Nagar 4th Main Road: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would amount to Rs 6,58,000, while the registration fee at 2% would be Rs 1,88,000. Together, the total cost for stamp duty and registration would be Rs 8,46,000. It's important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kasthuribai Nagar 1st Cross Street?

The Sub Registrar Office that covers Kasthuribai Nagar 1st Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is bought or sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 1st Cross Street?

The current guideline value of Kasthuribai Nagar 1st Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,049 per sq.ft in 2003 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 359% over the years.

What is the registration office for Kasthuribai Nagar 1st Cross Street?

The registration office for Kasthuribai Nagar 1st Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft property, the total guideline value is Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, totaling Rs 8,46,000.

What is the land classification for Kasthuribai Nagar 1st Cross Street?

The land classification for Kasthuribai Nagar 1st Cross Street is Residential Special Type - I.