Guideline Value for Kasturi Bai Street

Kasturi Bai Street guideline value

The current guideline value of Kasturi Bai Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kasturi Bai Street has changed

In the 2007 revision, the guideline value was Rs 300 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 1,800 per sq.ft, which was a 500% increase. However, in the 2017 revision, the value dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. The 2023 revision saw a substantial rise to Rs 1,800 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 1,980 per sq.ft, an increase of 10% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Kasturi Bai Street's 2024 figure below this median.

• Kasthuri Street Extension: Rs 1,980 per sq.ft (2024)
• Kasthuri Nagar: Rs 3,960 per sq.ft (2024)
• Kattabomman Theru: Rs 1,980 per sq.ft (2024)
• Kavei Amman Koil Theru: Rs 1,650 per sq.ft (2024)
• Kaveri Theru: Rs 1,980 per sq.ft (2024)
• Karumariyamman Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Kasturi Bai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasturi Bai Street?

The Sub Registrar Office that covers Kasturi Bai Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. During the registration process, the stamp duty and registration fees are calculated based on this guideline value or the actual sale price, whichever is higher.

When buying or selling property in Perungalathur, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the property’s sale price aligns with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kasturi Bai Street?

The current guideline value of Kasturi Bai Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the registration office for Kasturi Bai Street?

The registration office for Kasturi Bai Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, making a total of Rs 1,78,200.

Where can I find more information about the guideline values in Perungalathur?

For more information about the guideline values in Perungalathur, you can check the registration department's guideline value register or consult the local Sub Registrar Office.