Guideline Value for Kasthuribai Nagar

Kasthuribai Nagar guideline value

The current guideline value of Kasthuribai Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kasthuribai Nagar has changed

The guideline value for Kasthuribai Nagar has seen significant changes over the years. In 2003, the value was Rs 188 per sq.ft, which increased to Rs 210 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,407 per sq.ft in 2017, marking an increase of 570%. The value continued to rise, reaching Rs 2,099 per sq.ft in 2023, and then to the current Rs 2,350 per sq.ft in 2024, reflecting a 12% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1150%, showcasing a significant upward trend over the years.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Kasthuribai Nagar above this median.

• Kasthuri Bai Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Kasthuribai Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Kasthuri Bai Nagar Ist Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty, charged at 7%, would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost together to Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kasthuribai Nagar?

The Sub Registrar Office that covers Kasthuribai Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar?

The current guideline value of Kasthuribai Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 188 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 1150% over the period.

What is the land classification for Kasthuribai Nagar?

Kasthuribai Nagar is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Kasthuribai Nagar?

The Sub Registrar Office for Kasthuribai Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Kasthuribai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at 7%.