Guideline Value

Corporate

Guideline Value for KAIKKANKUPPAM - 6th Cross Street

₹3300/sq.ft.

The guideline value for Kaikkankuppam - 6th Cross Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kaikkankuppam - 6th Cross Street

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KAIKKANKUPPAM - 6th Cross Street guideline value

The current guideline value of KAIKKANKUPPAM - 6th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of KAIKKANKUPPAM - 6th Cross Street has changed

Over the years, the guideline value for KAIKKANKUPPAM - 6th Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a significant decrease to Rs 2,010 per sq.ft in the 2017 revision. However, the subsequent 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision has further raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value rose by 49% from 2017 to 2023. The 2012 to 2017 period saw a decrease of 33%, while the overall change from 2012 to 2024 is a 10% increase. It is important to note that there are no registered figures for KAIKKANKUPPAM - 6th Cross Street for the years 2002, 2003, and 2007.

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 value for these streets is Rs 3,850 per sq.ft, which means that KAIKKANKUPPAM - 6th Cross Street's 2024 value is below this median.

Stamp duty and registration fee for property in KAIKKANKUPPAM - 6th 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, charged at 7%, amounts to Rs 2,31,000, while the registration fee at 2% is Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers KAIKKANKUPPAM - 6th Cross Street?

The KAIKKANKUPPAM - 6th Cross Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of KAIKKANKUPPAM - 6th Cross Street?

The current guideline value of KAIKKANKUPPAM - 6th 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 seen several changes, with the most recent revision in 2024 increasing it from Rs 3,000 per sq.ft in 2023. The value was Rs 2,010 per sq.ft in 2017, and Rs 3,000 per sq.ft in 2012.

What is the land classification for KAIKKANKUPPAM - 6th Cross Street?

The land classification for KAIKKANKUPPAM - 6th Cross Street is Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for KAIKKANKUPPAM - 6th Cross Street?

The Virugambakkam Sub Registrar Office covers KAIKKANKUPPAM - 6th Cross Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in KAIKKANKUPPAM - 6th Cross Street?

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