Guideline Value for KAIKKANKUPPAM - APPAR STREET

Kaikkankuppam - Appar Street guideline value

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

How the guideline value of Kaikkankuppam - Appar Street has changed

The guideline value has seen several revisions over the years. The earliest recorded revision available is from 2012, where the value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, which represents a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year’s value of Rs 3,000 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

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 for these streets is Rs 3,850 per sq.ft, placing the 2024 value of Kaikkankuppam - Appar Street below this median.

• KAIKKANKUPPAM - 6th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathi Colony Anex: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 5th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathi Nagar: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - 4th Cross Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaikkankuppam - Appar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaikkankuppam - Appar Street?

The Kaikkankuppam - Appar 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is essential for compliance with legal requirements and for calculating the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Kaikkankuppam - Appar Street?

The current guideline value of Kaikkankuppam - Appar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly. It was Rs 3,000 per sq.ft in 2012, decreased to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024.

What is the land classification for Kaikkankuppam - Appar Street?

The land classification for Kaikkankuppam - Appar Street is Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kaikkankuppam - Appar Street?

The Virugambakkam Sub Registrar Office covers Kaikkankuppam - Appar Street. It is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

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