Guideline Value for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118

KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 guideline value

The current guideline value for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 is Rs 3,850 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification is Residential Class II Type - I.

How the guideline value of KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 has changed

The guideline value for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 has seen several revisions over the years. The oldest recorded value is from the 2007 revision at Rs 1,839 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 90%. However, the value decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The latest revision in 2024 saw the guideline value rise to Rs 3,850 per sq.ft, reflecting an increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 109%.

There are no figures available for the revisions in 2023, 2003, and 2002 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which is equal to the guideline value for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118.

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118?

The KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Valasaravakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value protects the interests of both parties involved in the sale.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118?

The current guideline value for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,839 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 109% over the years.

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

Other streets in Valasaravakkam include KAIKKANKUPPAM - Sai Amirdha Avenue, KAIKKANKUPPAM - V.O.C.Street, KAIKKANKUPPAM - Pillaiyar Koil Street, KAIKKANKUPPAM - Gangaiamman koil Street, KAIKKANKUPPAM - Elumalai Street, and KAIKKANKUPPAM - B.L.N.Prasath Nagar, all valued at Rs 3,300 per sq.ft in 2024.

What is the registration fee for property in KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118?

The registration fee for property in KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 located?

The Sub Registrar Office for KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118 is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.