Guideline Value for Kasthuribai Street

Kasthuribai Street guideline value

The current guideline value of Kasthuribai Street in Molachoor village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - II.

How the guideline value of Kasthuribai Street has changed

Since the 2012 revision, the guideline value for Kasthuribai Street has remained constant at Rs 300 per sq.ft as seen in the 2012, 2023, and 2024 revisions. The 2017 revision recorded a lower value of Rs 201 per sq.ft, marking a decrease of 33% from the 2012 figure. However, from 2017 to 2023, there was a significant increase of 49% to reach Rs 300 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 indicates no increase, as both years reflect a guideline value of Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with the median value being Rs 600 per sq.ft. The guideline value of Kasthuribai Street is below this median.

• Karumariamman Kovil Street: Rs 800 per sq.ft (2024)
• Karpagavalli Nagar: Rs 800 per sq.ft (2024)
• Kambar Street: Rs 600 per sq.ft (2024)
• Kamarajar Street: Rs 600 per sq.ft (2024)
• Kalliamman Kovil Street: Rs 300 per sq.ft (2024)
• Kuzhanthai Easu Kovil Street: Rs 300 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Kasthuribai Street?

The Sub Registrar Office that covers Kasthuribai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial aspect during property registration in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kasthuribai Street?

The current guideline value of Kasthuribai Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 300 per sq.ft from 2012 to 2024, with a previous value of Rs 201 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Molachoor?

The median guideline value in Molachoor is Rs 600 per sq.ft, while Kasthuribai Street's value is below this median at Rs 300 per sq.ft.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

Which office registers properties in Kasthuribai Street?

The Sunguvarchattram Sub Registrar Office is responsible for registering properties in Kasthuribai Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.