Guideline Value for KAIKKANKUPPAM - 3rd Cross Street

KAIKKANKUPPAM - 3rd Cross Street guideline value

The current guideline value of KAIKKANKUPPAM - 3rd 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, and is classified as Residential Class II Type - II.

How the guideline value of KAIKKANKUPPAM - 3rd Cross Street has changed

The guideline value for KAIKKANKUPPAM - 3rd Cross Street has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 3,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which means that KAIKKANKUPPAM - 3rd Cross Street's 2024 guideline value is below that median.

• KAIKKANKUPPAM - 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 4th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 1st 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 - 3rd 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. Together, the total cost for these fees would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KAIKKANKUPPAM - 3rd Cross Street?

The KAIKKANKUPPAM - 3rd Cross Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of property transactions. Accurate knowledge of the guideline value can help in planning and budgeting for the costs involved in buying or selling real estate.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - 3rd Cross Street?

The current guideline value for KAIKKANKUPPAM - 3rd 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, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for KAIKKANKUPPAM - 3rd Cross Street?

KAIKKANKUPPAM - 3rd Cross Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers KAIKKANKUPPAM - 3rd Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.