Guideline Value for Kasthuribai Nagar 2nd Cross Street

Kasthuribai Nagar 2nd Cross Street guideline value

The current guideline value of Kasthuribai Nagar 2nd Cross Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village under the Adayar SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Kasthuribai Nagar 2nd Cross Street has changed

The guideline value for Kasthuribai Nagar 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 5,695 per sq.ft. In 2023, the value increased to Rs 8,500 per sq.ft, and the latest revision in 2024 raised it to Rs 9,400 per sq.ft, marking an increase of 11% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 is the same as the guideline value for Kasthuribai Nagar 2nd Cross Street.

• Kasthuribai Nagar 1st Main Road: Rs 15,400 per sq.ft (2024)
• Kasthuribai Nagar 2nd Main Road: Rs 12,700 per sq.ft (2024)
• Kasthuribai Nagar 1st Cross Street: Rs 9,400 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 2nd 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, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. 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 details.

Which Sub Registrar Office covers Kasthuribai Nagar 2nd Cross Street?

The Sub Registrar Office that covers Kasthuribai Nagar 2nd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Pallipattu. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure compliance with local regulations and accurate financial planning for the transaction. It is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 2nd Cross Street?

The current guideline value of Kasthuribai Nagar 2nd 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 8,500 per sq.ft in 2012 to Rs 5,695 per sq.ft in 2017, then to Rs 8,500 per sq.ft in 2023, and finally to Rs 9,400 per sq.ft in 2024.

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

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

Which office handles registrations for Kasthuribai Nagar 2nd Cross Street?

The Adayar Sub Registrar Office handles registrations for Kasthuribai Nagar 2nd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Kasthuribai Nagar 2nd Cross Street?

Kasthuribai Nagar 2nd Cross Street is classified as Residential Special Type - I.