Guideline Value for KAIKKANKUPPAM - Bharathi Street

KAIKKANKUPPAM - Bharathi Street guideline value

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

How the guideline value of KAIKKANKUPPAM - Bharathi Street has changed

The guideline value for KAIKKANKUPPAM - Bharathi Street has seen several revisions over the years. In 2002, the guideline value was Rs 424 per sq.ft, which increased to Rs 461 per sq.ft in 2003. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, and then to Rs 3,000 per sq.ft in 2012. However, it dropped to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023 and is now Rs 3,300 per sq.ft in 2024. There are no figures available for the years not listed in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The most significant increase occurred from 2007 to 2012, where the value rose by 300%. Overall, from 2002 to 2024, the guideline value has increased by 678%.

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. The guideline value for KAIKKANKUPPAM - Bharathi Street is below this median.

• KAIKKANKUPPAM - Bharathi Nagar: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathiyar Cross: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathi Colony Anex: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Kaikkankuppam - Appar Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - B.L.N.Prasath Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KAIKKANKUPPAM - Bharathi 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, leading to a total of Rs 2,97,000. Please 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 further calculations.

Which Sub Registrar Office covers KAIKKANKUPPAM - Bharathi Street?

The KAIKKANKUPPAM - Bharathi 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 an important factor when registering property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty, which is a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of KAIKKANKUPPAM - Bharathi Street?

The current guideline value of KAIKKANKUPPAM - Bharathi 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 significantly from Rs 424 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 678% over this period.

What is the registration office for KAIKKANKUPPAM - Bharathi Street?

The registration office covering KAIKKANKUPPAM - Bharathi Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in KAIKKANKUPPAM - Bharathi Street?

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

What are the other streets in Valasaravakkam with similar guideline values?

Other streets in Valasaravakkam with a guideline value of Rs 3,300 per sq.ft include KAIKKANKUPPAM - Bharathi Nagar, KAIKKANKUPPAM - Bharathiyar Cross, KAIKKANKUPPAM - Bharathi Colony Anex, KAIKKANKUPPAM - Bharathiyar Street, Kaikkankuppam - Appar Street, and KAIKKANKUPPAM - B.L.N.Prasath Nagar.