Guideline Value for KAIKKANKUPPAM - 2nd Cross Street

KAIKKANKUPPAM - 2nd Cross Street guideline value

The current guideline value for KAIKKANKUPPAM - 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of KAIKKANKUPPAM - 2nd Cross Street has changed

The guideline value for KAIKKANKUPPAM - 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the value back to Rs 3,300 per sq.ft, representing a 64% increase from the 2017 figure and a 10% increase from the 2012 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street. This lack of data means that the only relevant revisions are from 2012, 2017, and 2024, showing significant fluctuations in the guideline value over time.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, making the guideline value for KAIKKANKUPPAM - 2nd Cross Street below the median.

• KAIKKANKUPPAM - 1st Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 4th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 5th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Kaikkankuppam - Appar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KAIKKANKUPPAM - 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers KAIKKANKUPPAM - 2nd Cross Street?

The KAIKKANKUPPAM - 2nd Cross Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. 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 sold, the guideline value is used to calculate these fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of KAIKKANKUPPAM - 2nd Cross Street?

The current guideline value of KAIKKANKUPPAM - 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024.

What is the land classification for KAIKKANKUPPAM - 2nd Cross Street?

The land classification for KAIKKANKUPPAM - 2nd Cross Street is Residential Class II Type - II.

Where can I find the registration office for KAIKKANKUPPAM - 2nd Cross Street?

The registration office for KAIKKANKUPPAM - 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in KAIKKANKUPPAM - 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.