Guideline Value for K.V.K SAMY STREET

K.V.K Samy Street guideline value

The current guideline value for K.V.K Samy Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of K.V.K Samy Street has changed

The guideline value for K.V.K Samy Street has seen several revisions over the years. In 2002, the guideline value was Rs 372 per sq.ft, which increased to Rs 408 per sq.ft in 2003. Following this, the value rose significantly to Rs 700 per sq.ft in 2007, and further increased to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and finally to the current figure of Rs 2,700 per sq.ft in 2024. The overall change from 2002 to 2024 reflects an increase of 626%.

Looking at the changes between the revisions, from 2017 to 2023, the guideline value increased by 49%. The 2007 to 2012 period saw a decline of 33%, while the value surged by 257% from 2007 to 2012. The increase from 2003 to 2007 was 72%, and from 2002 to 2003, it rose by 10%. There are no figures available for revisions other than those listed.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with the median being Rs 2,700 per sq.ft. K.V.K Samy Street's 2024 guideline value aligns with this median.

• KUTTY THAMBIRAN STREET 3rd LANE: Rs 4,300 per sq.ft (2024)
• KUTTY THAMBIRAN STREET 2nd LANE: Rs 4,300 per sq.ft (2024)
• Kutty Thambiran Street 1st Lane: Rs 4,300 per sq.ft (2024)
• Kutty Thambiran Street: Rs 4,900 per sq.ft (2024)
• Kumarswamy Mudali Street: Rs 3,800 per sq.ft (2024)
• Kulakkarai Salai (New): Rs 3,200 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers K.V.K Samy Street?

K.V.K Samy Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring a standardized approach to property valuation.

During the registration, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guideline values.

Frequently asked questions

What is the current guideline value for K.V.K Samy Street?

The current guideline value for K.V.K Samy Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for K.V.K Samy Street has increased from Rs 372 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 626%.

What is the land classification for K.V.K Samy Street?

K.V.K Samy Street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property on K.V.K Samy Street?

For a 1,000 sq.ft plot valued at Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in the area, including K.V.K Samy Street.