Guideline Value for KALLIKUPPAM MURUGAMBEDU ROAD

Kallikuppam Murugambedu Road guideline value

The current guideline value of Kallikuppam Murugambedu Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class III Type - III.

How the guideline value of Kallikuppam Murugambedu Road has changed

The guideline value for Kallikuppam Murugambedu Road has seen several revisions over the years. In 2002, the value was set at Rs 118 per sq.ft, which increased to Rs 250 per sq.ft in 2007, marking a significant rise of 112%. The value then jumped to Rs 1,500 per sq.ft in 2012, reflecting a remarkable increase of 500%. However, it decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 has set the value at Rs 1,600 per sq.ft, which is an increase of 59% from the 2017 figure. Notably, there are no figures recorded for the years 2003 and 2023 for this street.

Overall, from 2002 to 2024, the guideline value has increased by 1256%, showcasing a significant upward trend over the two decades. This reflects the changing dynamics of property valuation in the area.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Kallikuppam Murugambedu Road's 2024 figure below this median.

• Kallikuppam Padasalai Street (School Street): Rs 2,100 per sq.ft (2024)
• Kallikuppam Perumal Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Pilliyar Koil Street (North): Rs 2,100 per sq.ft (2024)
• Kamala Nagar: Rs 1,600 per sq.ft (2024)
• Kakkai Nagar (North Of M.T.H Road): Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kallikuppam Murugambedu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kallikuppam Murugambedu Road?

The Kallikuppam Murugambedu Road falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office), Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a critical component in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kallikuppam Murugambedu Road?

The current guideline value of Kallikuppam Murugambedu Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, from Rs 118 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1256%.

What is the registration office for Kallikuppam Murugambedu Road?

The registration office covering Kallikuppam Murugambedu Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties here?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,44,000.

What is the land classification for Kallikuppam Murugambedu Road?

Kallikuppam Murugambedu Road is classified as Residential Class III Type - III, indicating its designation for residential purposes.