Guideline Value for KAIKKANKUPPAM - Elumalai Street

KAIKKANKUPPAM - Elumalai Street guideline value

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

How the guideline value of KAIKKANKUPPAM - Elumalai Street has changed

The guideline value for KAIKKANKUPPAM - Elumalai Street has seen several revisions over the years. The earliest revision available is from 2012, where the value was set at Rs 3,000 per sq.ft. This figure remained until the 2017 revision, which decreased to Rs 2,010 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register 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 guideline value for these streets is Rs 3,850 per sq.ft, placing KAIKKANKUPPAM - Elumalai Street's 2024 figure below that median.

• KAIKKANKUPPAM - B.L.N.Prasath Nagar: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Gangaiamman koil Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathiyar Cross: Rs 3,300 per sq.ft (2024)
• Kaikkankuppam - Sai Amirdha Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KAIKKANKUPPAM - Elumalai 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, calculated at 7%, would be Rs 2,31,000, and the registration fee, at 2%, would be Rs 66,000. Together, the total cost for these fees 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers KAIKKANKUPPAM - Elumalai Street?

The KAIKKANKUPPAM - Elumalai 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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used as a benchmark for calculating these fees, ensuring that transactions are recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the total cost involved in the property transaction. This value is periodically revised to reflect changes in the real estate market, ensuring that it remains relevant and up-to-date.

Frequently asked questions

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

The current guideline value of KAIKKANKUPPAM - Elumalai 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 from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing fluctuations over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for KAIKKANKUPPAM - Elumalai Street?

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

Where can I find more information about other streets in Valasaravakkam?

For more information about other streets and their guideline values in Valasaravakkam, you can refer to the links provided for each street's guideline value.