Guideline Value for Kushaldas Street

Kushaldas Street guideline value

The current guideline value of Kushaldas Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kushaldas Street has changed

The guideline value of Kushaldas Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,100 per sq.ft, which then increased significantly to Rs 4,500 per sq.ft in 2012. However, in 2017, it decreased to Rs 3,015 per sq.ft. The next revision in 2023 saw a notable increase to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 350%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Kushaldas Street's 2024 value above this median.

• K.V.K.Samy Street: Rs 3,300 per sq.ft (2024)
• Kumaran Colony Main Raod: Rs 6,600 per sq.ft (2024)
• Kumaran Colony 9th Street: Rs 6,050 per sq.ft (2024)
• Kumaran Colony 8th Street: Rs 6,050 per sq.ft (2024)
• Kumaran Colony 7th Street: Rs 8,050 per sq.ft (2024)
• Kumaran Colony 6th Street: Rs 6,050 per sq.ft (2024)

Stamp duty and registration fee for property in Kushaldas Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost for these fees to Rs 4,45,500. It is important to note that 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 information.

Which Sub Registrar Office covers Kushaldas Street?

Kushaldas Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Saligramam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value helps in establishing a fair basis for property transactions and is regularly updated to reflect market conditions.

Frequently asked questions

What is the current guideline value of Kushaldas Street?

The current guideline value of Kushaldas Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,100 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Saligramam?

The median guideline value for the 333 streets in Saligramam is Rs 4,400 per sq.ft, with Kushaldas Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties on Kushaldas Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration for Kushaldas Street?

The Virugambakkam Sub Registrar Office at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037 covers Kushaldas Street.