Guideline Value for KAIKKANKUPPAM - 5th Cross Street

KAIKKANKUPPAM - 5th Cross Street guideline value

The current guideline value for KAIKKANKUPPAM - 5th 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, classified as Residential Class II Type - II.

How the guideline value of KAIKKANKUPPAM - 5th Cross Street has changed

The guideline value for KAIKKANKUPPAM - 5th Cross Street has seen 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. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. 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 guideline value in this area is Rs 3,850 per sq.ft, placing KAIKKANKUPPAM - 5th Cross Street's 2024 figure below that median.

• KAIKKANKUPPAM - 4th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 6th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaikkankuppam - Appar Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathi Colony Anex: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KAIKKANKUPPAM - 5th 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, while the registration fee at 2% would be Rs 66,000, totaling 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers KAIKKANKUPPAM - 5th Cross Street?

The KAIKKANKUPPAM - 5th Cross Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value helps determine the minimum amount at which the property can be registered, protecting both the buyer and seller during the transaction. It is essential for both parties to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - 5th Cross Street?

The current guideline value for KAIKKANKUPPAM - 5th 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 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for KAIKKANKUPPAM - 5th Cross Street?

KAIKKANKUPPAM - 5th Cross Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for KAIKKANKUPPAM - 5th Cross Street?

The Sub Registrar Office covering KAIKKANKUPPAM - 5th Cross Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in KAIKKANKUPPAM - 5th Cross Street?

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