Guideline Value for KALLIKUPPAM PERUMAL KOIL STREET

Kallikuppam Perumal Koil Street guideline value

The current guideline value of Kallikuppam Perumal Koil Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kallikuppam Perumal Koil Street has changed

The guideline value for Kallikuppam Perumal Koil Street has seen several revisions over the years. In 2007, the value was Rs 375 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value decreased to Rs 1,340 per sq.ft in 2017. Following that, the value rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,100 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, there was a remarkable increase of 433%, but this was followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and has increased by 5% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 460%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Kallikuppam Perumal Koil Street's 2024 figure below this median.

• Kallikuppam Padasalai Street (School Street): Rs 2,100 per sq.ft (2024)
• Kallikuppam Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Murugambedu Road: Rs 1,600 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 Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kallikuppam Perumal Koil Street?

The Kallikuppam Perumal Koil Street falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Korattur. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government’s records.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the real estate market, and it is important to check for the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Kallikuppam Perumal Koil Street?

The current guideline value of Kallikuppam Perumal Koil Street is Rs 2,100 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 375 per sq.ft in 2007 to Rs 2,100 per sq.ft in 2024, marking an overall increase of 460% over this period.

What is the land classification for Kallikuppam Perumal Koil Street?

Kallikuppam Perumal Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Kallikuppam Perumal Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 21,00,000 would incur a stamp duty of Rs 1,47,000 at 7%.