Guideline Value for KALLIKUPPAM PILLAIYAR KOIL STREET

Kallikuppam Pillaiyar Koil Street guideline value

The current guideline value of Kallikuppam Pillaiyar Koil Street is Rs 2,100 per sq.ft. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kallikuppam Pillaiyar Koil Street has changed

The guideline value for Kallikuppam Pillaiyar Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 118 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision raised it to Rs 2,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,100 per sq.ft. The register has no figure for this street in 2003 and 2007.

From 2002 to 2012, the guideline value increased by 1595%. However, it decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023. Finally, the transition from 2023 to 2024 reflects a 5% increase, bringing the overall change from 2002 to 2024 to 1680%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. Kallikuppam Pillaiyar Koil Street's current value is below this median.

• Kallikuppam Perumal Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Padasalai Street (School Street): Rs 2,100 per sq.ft (2024)
• Kallikuppam Pilliyar Koil Street (North): Rs 2,100 per sq.ft (2024)
• Kallikuppam Murugambedu Road: Rs 1,600 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 Pillaiyar 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. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kallikuppam Pillaiyar Koil Street?

The Kallikuppam Pillaiyar Koil Street falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Korattur. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of Kallikuppam Pillaiyar 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 increased from Rs 118 per sq.ft in 2002 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of 1680% over this period.

What is the land classification for Kallikuppam Pillaiyar Koil Street?

Kallikuppam Pillaiyar Koil Street is classified as Residential Class III Type - I.

Where can I find the registration office for Kallikuppam Pillaiyar Koil Street?

The registration office for Kallikuppam Pillaiyar Koil Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

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