Guideline Value for Kasthuribai Nagar 3rd Cross Street

Kasthuribai Nagar 3rd Cross Street guideline value

The current guideline value of Kasthuribai Nagar 3rd 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 3rd Cross Street has changed

The guideline value for Kasthuribai Nagar 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,563 per sq.ft, which increased to Rs 2,246 per sq.ft in 2003, marking a 44% rise. The value then rose significantly to Rs 4,750 per sq.ft in 2007, reflecting a 111% increase. Following that, the value reached Rs 8,500 per sq.ft in 2012, representing a 79% increase from the previous revision. However, it dropped by 33% to Rs 5,695 per sq.ft in 2017. The value then saw a substantial increase of 49% to Rs 8,500 per sq.ft in 2023, and finally, it increased by 11% to the current rate of Rs 9,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 501%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO, with values varying from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 9,400 per sq.ft, which is the same as the guideline value for Kasthuribai Nagar 3rd Cross Street.

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

Stamp duty and registration fee for property in Kasthuribai Nagar 3rd 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 fees together to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuribai Nagar 3rd Cross Street?

The Adayar Sub Registrar Office covers Kasthuribai Nagar 3rd Cross Street. The office is 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 in the registration process when buying or selling property in Pallipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 3rd Cross Street?

The current guideline value of Kasthuribai Nagar 3rd 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 seen several changes, with the most recent increase being 11% from Rs 8,500 per sq.ft in 2023 to Rs 9,400 per sq.ft in 2024.

What is the land classification for Kasthuribai Nagar 3rd Cross Street?

The land classification for Kasthuribai Nagar 3rd Cross Street is Residential Special Type - I.

What are the other guideline values in Pallipattu?

The guideline values in Pallipattu range from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 9,400 per sq.ft, which is the same as the value for Kasthuribai Nagar 3rd Cross Street.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.