Guideline Value for K V K Samy street

K V K Samy street guideline value

The current guideline value of K V K Samy street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of K V K Samy street has changed

The guideline value of K V K Samy street has seen several revisions over the years. In 2002, the guideline value was Rs 172 per sq.ft, which increased significantly to Rs 193 per sq.ft in 2003. Following this, there was a substantial rise to Rs 1,000 per sq.ft in 2007, marking an increase of 418%. The value then doubled to Rs 2,000 per sq.ft in 2012, but saw a decrease of 33% to Rs 1,340 per sq.ft in 2017. The value rose to Rs 2,000 per sq.ft again in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for K V K Samy street for the years not mentioned in the revisions listed. Overall, from 2002 to 2024, the guideline value has increased by 1179%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,800 per sq.ft, making K V K Samy street's 2024 figure below that median.

• Lakshma Nagar 5th Street Extension: Rs 2,800 per sq.ft (2024)
• Kuppu swamy Street Main: Rs 2,200 per sq.ft (2024)
• Kuppu Swamy Nagar: Rs 2,200 per sq.ft (2024)
• Kuppuswamy Cross Street: Rs 2,200 per sq.ft (2024)
• Kuppu Sami Street: Rs 2,200 per sq.ft (2024)
• Lakshmi Nagar 10th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in K V K Samy street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K V K Samy street?

The Sub Registrar Office that covers K V K Samy street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of K V K Samy street?

The current guideline value of K V K Samy street is Rs 2,200 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 172 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1179%.

What is the land classification of K V K Samy street?

K V K Samy street is classified as Residential Class II Type - II.

Where can I find the registration office for K V K Samy street?

The registration office for K V K Samy street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in K V K Samy street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.