Guideline Value for KAIKKANKUPPAM - Bharathi Colony Anex

KAIKKANKUPPAM - Bharathi Colony Anex guideline value

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

How the guideline value of KAIKKANKUPPAM - Bharathi Colony Anex has changed

The guideline value for KAIKKANKUPPAM - Bharathi Colony Anex has seen several revisions over the years. In 2002, the value was Rs 424 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 9% rise. The value further increased to Rs 750 per sq.ft in 2007, reflecting a 63% increase. The 2012 revision set the value at Rs 3,000 per sq.ft, a significant jump of 300% from the previous figure. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, representing a decline of 33%.

In 2023, the guideline value rose to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 678% for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values for 2024 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, indicating that KAIKKANKUPPAM - Bharathi Colony Anex's 2024 figure is below the median.

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

Stamp duty and registration fee for property in KAIKKANKUPPAM - Bharathi Colony Anex

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. Together, the total cost for stamp duty and registration 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KAIKKANKUPPAM - Bharathi Colony Anex?

The KAIKKANKUPPAM - Bharathi Colony Anex falls under 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 when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must consider this value to avoid discrepancies during the registration process and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - Bharathi Colony Anex?

The current guideline value for KAIKKANKUPPAM - Bharathi Colony Anex 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 increased from Rs 424 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 678% across the years.

What is the land classification for KAIKKANKUPPAM - Bharathi Colony Anex?

KAIKKANKUPPAM - Bharathi Colony Anex is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur a total guideline value of Rs 33,00,000, leading to a stamp duty of Rs 2,31,000.