Guideline Value for KAIKKANKUPPAM - Gangaiamman koil Street

KAIKKANKUPPAM - Gangaiamman koil Street guideline value

The current guideline value of KAIKKANKUPPAM - Gangaiamman koil 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 - Gangaiamman koil Street has changed

The guideline value for KAIKKANKUPPAM - Gangaiamman koil Street has seen several revisions over the years. In 2002, the value was Rs 424 per sq.ft, which increased to Rs 461 per sq.ft in 2003, marking a 9% rise. The value continued to grow, reaching Rs 750 per sq.ft in 2007, a significant increase of 63%. By 2012, the guideline value was Rs 3,000 per sq.ft, showing a remarkable 300% increase from the previous revision. However, this value dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%.

In 2023, the guideline value was Rs 3,000 per sq.ft, and it increased to Rs 3,300 per sq.ft in 2024, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 678%. There are no figures available for any other revisions for this street in the register.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 3,850 per sq.ft, placing KAIKKANKUPPAM - Gangaiamman koil Street below this median at Rs 3,300 per sq.ft.

• KAIKKANKUPPAM - Elumalai Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - B.L.N.Prasath Nagar: Rs 3,300 per sq.ft (2024)
• Kaikkankuppam - Sai Amirdha Avenue: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in KAIKKANKUPPAM - Gangaiamman koil 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, 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 and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers KAIKKANKUPPAM - Gangaiamman koil Street?

The KAIKKANKUPPAM - Gangaiamman koil Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Valasaravakkam. When buying or selling property, this value is used to determine the stamp duty and registration fees, ensuring that the transaction is registered at the appropriate value.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Accurate knowledge of this value can help in understanding the financial implications of property dealings in the area.

Frequently asked questions

What is the current guideline value of KAIKKANKUPPAM - Gangaiamman koil Street?

The current guideline value of KAIKKANKUPPAM - Gangaiamman koil 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 424 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 678% over the years.

What is the stamp duty for property in KAIKKANKUPPAM - Gangaiamman koil Street?

The stamp duty for property in KAIKKANKUPPAM - Gangaiamman koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for KAIKKANKUPPAM - Gangaiamman koil Street?

The Sub Registrar Office for KAIKKANKUPPAM - Gangaiamman koil Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

Other streets in Valasaravakkam with similar guideline values include KAIKKANKUPPAM - Elumalai Street, KAIKKANKUPPAM - Pillaiyar Koil Street, KAIKKANKUPPAM - B.L.N.Prasath Nagar, Kaikkankuppam - Sai Amirdha Avenue, and KAIKKANKUPPAM - Bharathiyar Street, all at Rs 3,300 per sq.ft for 2024.