Guideline Value for Kasthuribai Street, Dr. Ambedhkar Nagar

Kasthuribai Street, Dr. Ambedhkar Nagar guideline value

The current guideline value of Kasthuribai Street, Dr. Ambedhkar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kasthuribai Street, Dr. Ambedhkar Nagar has changed

The guideline value for Kasthuribai Street, Dr. Ambedhkar Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The current 2024 revision has further increased the guideline value to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, making the current value of Kasthuribai Street, Dr. Ambedhkar Nagar below this median.

• Kasturibai Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Kasturibai Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Karuppan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kattabomman Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Kattabooman Street (Mungil Lake): Rs 1,980 per sq.ft (2024)
• Kattabooman Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Street, Dr. Ambedhkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is essential to note that the 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 details.

Which Sub Registrar Office covers Kasthuribai Street, Dr. Ambedhkar Nagar?

The Sub Registrar Office that covers Kasthuribai Street, Dr. Ambedhkar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

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

Frequently asked questions

What is the current guideline value of Kasthuribai Street, Dr. Ambedhkar Nagar?

The current guideline value of Kasthuribai Street, Dr. Ambedhkar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Kasthuribai Street, Dr. Ambedhkar Nagar?

The land classification for Kasthuribai Street, Dr. Ambedhkar Nagar is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kasthuribai Street, Dr. Ambedhkar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.