Guideline Value for Kasthuribai Nagar 1st Main Road

Kasthuribai Nagar 1st Main Road guideline value

The current guideline value of Kasthuribai Nagar 1st Main Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This road is located in Kottur village, under the Adayar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kasthuribai Nagar 1st Main Road has changed

The guideline value for Kasthuribai Nagar 1st Main Road has seen significant changes over the years. In the 2002 revision, the value was Rs 2,126 per sq.ft, which increased to Rs 2,291 per sq.ft in 2003, marking an 8% rise. The value then surged dramatically to Rs 10,000 per sq.ft in 2007, reflecting a 336% increase. By 2012, the value adjusted to Rs 14,000 per sq.ft, a decrease of 33%. The 2017 revision brought it back up to Rs 9,380 per sq.ft, and by 2023, it had risen to Rs 14,000 per sq.ft.

The most recent revision in 2024 set the guideline value at Rs 15,400 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 624%.

Guideline values in Kottur

In Kottur, there are 114 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 6,100 per sq.ft, placing Kasthuribai Nagar 1st Main Road above this median.

• Kasthuribai Nagar 2nd Cross Road: Rs 8,800 per sq.ft (2024)
• Kasthuribai Nagar 1st Cross Road: Rs 8,800 per sq.ft (2024)
• Kasthuribai Nagar 2nd Main Road: Rs 12,700 per sq.ft (2024)
• Kasthuribai Nagar 3rd Cross Road: Rs 11,000 per sq.ft (2024)
• Kasthuribai Nagar 3rd Main Road: Rs 12,700 per sq.ft (2024)
• Kasthuribai Nagar 4th Cross Road: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kasthuribai Nagar 1st Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 1st Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kottur, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can directly impact the costs associated with property registration. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 1st Main Road?

The current guideline value of Kasthuribai Nagar 1st Main Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,126 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 624% over this period.

What is the land classification for Kasthuribai Nagar 1st Main Road?

Kasthuribai Nagar 1st Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

For a property valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000, and the registration fee would be Rs 3,08,000, totaling Rs 13,86,000.

Which Sub Registrar Office covers this street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covers Kasthuribai Nagar 1st Main Road.