Guideline Value for ILLAM THOGUPPU KUDIERUPPU

Illam Thoguppu Kudieruppu guideline value

The current guideline value of Illam Thoguppu Kudieruppu is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Kadambaadi village, under the Thirukazhukundram Sub Registrar Office (SRO). The land classification for this area is Mixed Type - II.

How the guideline value of Illam Thoguppu Kudieruppu has changed

The guideline value for Illam Thoguppu Kudieruppu has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 700 per sq.ft. This was an increase from the previous figure, and in the 2024 revision, it rose by 10% to Rs 770 per sq.ft.

To summarize the changes, the guideline value increased from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. This reflects a 10% increase, indicating a shift in the valuation of properties in this street.

Guideline values in Kadambaadi

In Kadambaadi, there are five streets under the Thirukazhukundram SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 1,150 per sq.ft, placing the 2024 figure for Illam Thoguppu Kudieruppu below this median.

• Vanavil Privilege: Rs 1,150 per sq.ft (2024)
• A R K Nagar: Rs 330 per sq.ft (2024)
• Tch - Agam: Rs 1,500 per sq.ft (2024)
• Vanavil Privillage Phase I, II, III, IV: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Illam Thoguppu Kudieruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty, charged at 7%, would amount to Rs 53,900, while the registration fee, charged at 2%, would be Rs 15,400. Together, these fees would total Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Illam Thoguppu Kudieruppu?

The Sub Registrar Office that covers Illam Thoguppu Kudieruppu is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kadambaadi. It serves as a reference for determining the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the registration requirements.

When a property transaction occurs, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the sale. This transparency helps facilitate smoother transactions and ensures that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Illam Thoguppu Kudieruppu?

The current guideline value of Illam Thoguppu Kudieruppu is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Illam Thoguppu Kudieruppu?

The land classification for Illam Thoguppu Kudieruppu is Mixed Type - II.

Which Sub Registrar Office covers this area?

The Thirukazhukundram Sub Registrar Office covers Illam Thoguppu Kudieruppu, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 69,300.