Guideline Value for KAIKKANKUPPAM - V.O.C.Street

KAIKKANKUPPAM - V.O.C.Street guideline value

The current guideline value for KAIKKANKUPPAM - V.O.C.Street 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 - V.O.C.Street has changed

The guideline value for KAIKKANKUPPAM - V.O.C.Street has undergone 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 saw a significant increase to Rs 750 per sq.ft in 2007, representing a 63% change. By 2012, the guideline value was Rs 3,000 per sq.ft, showcasing a substantial increase of 300% from the previous revision.

The value then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. However, the guideline value rebounded to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 678%.

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 for these streets is Rs 3,850 per sq.ft, placing KAIKKANKUPPAM - V.O.C.Street's 2024 figure below that median.

• KAIKKANKUPPAM - Thiruvalluvar Salai S.No 118: Rs 3,850 per sq.ft (2024)
• Kaikkankuppam - Sai Amirdha Avenue: 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 - V.O.C.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. Please note that 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 further calculations.

Which Sub Registrar Office covers KAIKKANKUPPAM - V.O.C.Street?

The KAIKKANKUPPAM - V.O.C.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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the sale price is reflective of the property's worth as per government standards.

When a property transaction occurs, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are documented accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value for KAIKKANKUPPAM - V.O.C.Street?

The current guideline value for KAIKKANKUPPAM - V.O.C.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 significantly from Rs 424 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 678% across the years.

What is the stamp duty rate for property in KAIKKANKUPPAM - V.O.C.Street?

The stamp duty rate for property transactions in KAIKKANKUPPAM - V.O.C.Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for KAIKKANKUPPAM - V.O.C.Street?

The Sub Registrar Office covering KAIKKANKUPPAM - V.O.C.Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined for properties in Valasaravakkam?

The guideline value for properties in Valasaravakkam is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect changes in the real estate market.