Guideline Value for Kasthuribai Street

Kasthuribai Street guideline value

The current guideline value of Kasthuribai Street in Kilkattalai village is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Kasthuribai Street has changed

The guideline value for Kasthuribai Street has seen several revisions over the years. In 2003, the value was Rs 156 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2007. The value then rose sharply to Rs 2,300 per sq.ft in 2012, before dropping to Rs 1,541 per sq.ft in 2017. Following this, the value increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024. The register has no figure for this street in 2002.

From the 2017 revision to the 2023 revision, the value increased by 49%. The 2012 to 2017 revision saw a decrease of 33%, while the 2007 to 2012 revision experienced a significant increase of 156%. The rise from 2003 to 2007 was particularly notable at 477%. Overall, from 2003 to 2024, the guideline value has increased by 1522%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, which is equal to the current guideline value of Kasthuribai Street.

• Kasi Visalatchi Puram: Rs 2,530 per sq.ft (2024)
• Kasi Visalakshipuram: Rs 2,530 per sq.ft (2024)
• KGK Nagar: Rs 2,200 per sq.ft (2024)
• Kirupanandhavariyar Avenue: Rs 2,200 per sq.ft (2024)
• Krishna Colony: Rs 1,080 per sq.ft (2024)
• Krishna Nagar: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Kasthuribai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees together to Rs 2,27,700. Please 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 Street?

The Sub Registrar Office that covers Kasthuribai Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Kilkattalai

The guideline value is a crucial factor when buying or selling property in Kilkattalai. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Understanding the guideline value helps buyers and sellers prepare for the financial implications of property registration in the region.

Frequently asked questions

What is the current guideline value for Kasthuribai Street?

The current guideline value for Kasthuribai Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 156 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1522% over this period.

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

For a 1,000 sq.ft property, the total guideline value is Rs 25,30,000. The stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers Kasthuribai Street?

The Pallavaram Sub Registrar Office covers Kasthuribai Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Kasthuribai Street?

Kasthuribai Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.