Guideline Value for KAIKKANKUPPAM - Bharathiyar Street

KAIKKANKUPPAM - Bharathiyar Street guideline value

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

How the guideline value of KAIKKANKUPPAM - Bharathiyar Street has changed

The guideline value for KAIKKANKUPPAM - Bharathiyar Street has seen several revisions over the years. In 2002, the guideline value was Rs 436 per sq.ft, which increased to Rs 474 per sq.ft in 2003, marking a 9% rise. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, which was a 58% increase. The guideline value continued to climb to Rs 3,000 per sq.ft in 2012, reflecting a 300% increase from 2007. However, it then decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value surged to Rs 3,000 per sq.ft, a substantial increase of 49%. The most recent revision in 2024 has set the guideline value 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 657%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, making KAIKKANKUPPAM - Bharathiyar Street's 2024 figure below that median.

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

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

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, bringing the total to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KAIKKANKUPPAM - Bharathiyar Street?

The KAIKKANKUPPAM - Bharathiyar Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transactions reflect fair value.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - Bharathiyar Street?

The current guideline value for KAIKKANKUPPAM - Bharathiyar 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 increased from Rs 436 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 657%.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 3,300 per sq.ft include KAIKKANKUPPAM - Bharathiyar Cross, KAIKKANKUPPAM - B.L.N.Prasath Nagar, KAIKKANKUPPAM - Bharathi Street, KAIKKANKUPPAM - Elumalai Street, KAIKKANKUPPAM - Bharathi Nagar, and KAIKKANKUPPAM - Gangaiamman koil Street.

Where is the Virugambakkam Sub Registrar Office located?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,31,000.