Guideline Value for KAIKKANKUPPAM - Bharathiyar Cross

KAIKKANKUPPAM - Bharathiyar Cross guideline value

The current guideline value of KAIKKANKUPPAM - Bharathiyar Cross is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - II.

How the guideline value of KAIKKANKUPPAM - Bharathiyar Cross has changed

The guideline value for KAIKKANKUPPAM - Bharathiyar Cross has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further rose to the current value of Rs 3,300 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. There was a substantial increase of 49% from 2017 to 2023, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 3,850 per sq.ft, making the current guideline value of KAIKKANKUPPAM - Bharathiyar Cross below the median.

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

Stamp duty and registration fee for property in KAIKKANKUPPAM - Bharathiyar Cross

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 is charged at 7%, which totals Rs 2,31,000, while the registration fee is 2%, amounting to Rs 66,000. Therefore, the total cost for stamp duty and registration fee together is Rs 2,97,000. 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 more details.

Which Sub Registrar Office covers KAIKKANKUPPAM - Bharathiyar Cross?

The KAIKKANKUPPAM - Bharathiyar Cross 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 determines the minimum value at which properties are registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of KAIKKANKUPPAM - Bharathiyar Cross?

The current guideline value of KAIKKANKUPPAM - Bharathiyar Cross 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 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for KAIKKANKUPPAM - Bharathiyar Cross?

KAIKKANKUPPAM - Bharathiyar Cross is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,97,000 for these fees.

Which office handles registrations for KAIKKANKUPPAM - Bharathiyar Cross?

The Virugambakkam Sub Registrar Office handles registrations for KAIKKANKUPPAM - Bharathiyar Cross, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.