Guideline Value for KAIKKANKUPPAM - Bharathi Nagar

KAIKKANKUPPAM - Bharathi Nagar guideline value

The current guideline value for KAIKKANKUPPAM - Bharathi Nagar 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 Nagar has changed

Over the years, the guideline value for KAIKKANKUPPAM - Bharathi Nagar has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the Rs 2,010 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 3,850 per sq.ft. KAIKKANKUPPAM - Bharathi Nagar's 2024 figure of Rs 3,300 per sq.ft is below this median.

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

Stamp duty and registration fee for property in KAIKKANKUPPAM - Bharathi Nagar

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 stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KAIKKANKUPPAM - Bharathi Nagar?

The KAIKKANKUPPAM - Bharathi Nagar area 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 critical factor in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transfers.

When a property is sold, the guideline value helps establish the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - Bharathi Nagar?

The current guideline value for KAIKKANKUPPAM - Bharathi Nagar 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, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for KAIKKANKUPPAM - Bharathi Nagar?

The land classification for KAIKKANKUPPAM - Bharathi Nagar is Residential Class II Type - II, indicating its suitability for residential development.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 2,97,000 in fees.