Guideline Value for KAIKKANKUPPAM - SAI AMIRDHA AVENUE

Kaikkankuppam - Sai Amirdha Avenue guideline value

The current guideline value of Kaikkankuppam - Sai Amirdha Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kaikkankuppam - Sai Amirdha Avenue has changed

The guideline value for Kaikkankuppam - Sai Amirdha Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 3,300 per sq.ft. Notably, there are no figures available for this street in the revisions of 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. 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 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, making the current value of Kaikkankuppam - Sai Amirdha Avenue below this median.

• KAIKKANKUPPAM - Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118: Rs 3,850 per sq.ft (2024)
• KAIKKANKUPPAM - Gangaiamman koil Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - V.O.C.Street: Rs 3,300 per sq.ft (2024)
• KAIKKANKUPPAM - Elumalai 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 - Sai Amirdha Avenue

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaikkankuppam - Sai Amirdha Avenue?

The Kaikkankuppam - Sai Amirdha Avenue falls under the jurisdiction of 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 in property transactions in Valasaravakkam. It serves as the basis for calculating the stamp duty and registration fees that are required when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the official value of the transaction, which is essential for legal documentation. This ensures that all parties are aware of the financial implications of the sale and that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Kaikkankuppam - Sai Amirdha Avenue?

The current guideline value of Kaikkankuppam - Sai Amirdha Avenue 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, marking a 10% increase. The value was Rs 2,010 per sq.ft in 2017, reflecting a 49% increase from that year to 2023.

What is the land classification for Kaikkankuppam - Sai Amirdha Avenue?

Kaikkankuppam - Sai Amirdha Avenue is classified as Residential Class II Type - II, indicating its suitability for residential development.

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, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft incurs a total of Rs 2,97,000 in fees.

Where can I find the Sub Registrar Office for Kaikkankuppam - Sai Amirdha Avenue?

The Virugambakkam Sub Registrar Office, which covers Kaikkankuppam - Sai Amirdha Avenue, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.