Guideline Value for Kasthuribai Nagar

Kasthuribai Nagar guideline value

The current guideline value of Kasthuribai Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village, under the Tambaram Joint 1 SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Kasthuribai Nagar has changed

The guideline value for Kasthuribai Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The value then increased by 10% from 2023 to 2024. The overall change from 2007 to 2024 reflects a significant increase of 267%.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, making the guideline value of Kasthuribai Nagar above that median.

• Karunanidhi Nagar: Rs 880 per sq.ft (2024)
• Kamban Street: Rs 880 per sq.ft (2024)
• Kalangal Street: Rs 880 per sq.ft (2024)
• Kunzhumedu Pulikoradu: Rs 880 per sq.ft (2024)
• Kuttakkarai Street: Rs 1,100 per sq.ft (2024)
• Mahalakshmi Nagar Extension: Rs 880 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuribai Nagar?

The Sub Registrar Office that covers Kasthuribai Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Pulikoradu

The guideline value is a crucial factor when buying or selling property in Pulikoradu. 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 buyer approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar?

The current guideline value of Kasthuribai Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over these years.

What is the land classification of Kasthuribai Nagar?

Kasthuribai Nagar falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for a property in Kasthuribai Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Kasthuribai Nagar?

The Tambaram Joint 1 Sub Registrar Office covers Kasthuribai Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.