Guideline Value for KALLIKUPPAM PILLIYAR KOIL STREET (NORTH)

Kallikuppam Pilliyar Koil Street (North) guideline value

The current guideline value for Kallikuppam Pilliyar Koil Street (North) 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 Pilliyar Koil Street (North) has changed

The guideline value for Kallikuppam Pilliyar Koil Street (North) has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 375 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 433%. However, by 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has been revised to Rs 2,100 per sq.ft in 2024, which is an increase of 5% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. 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. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Kallikuppam Pilliyar Koil Street (North) below this median.

• Kallikuppam Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Perumal Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Padasalai Street (School Street): 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 Pilliyar Koil Street (North)

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, resulting in a total of Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kallikuppam Pilliyar Koil Street (North)?

The Kallikuppam Pilliyar Koil Street (North) falls under the jurisdiction of 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 is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any potential disputes or issues related to property valuation.

Frequently asked questions

What is the current guideline value of Kallikuppam Pilliyar Koil Street (North)?

The current guideline value of Kallikuppam Pilliyar Koil Street (North) 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, reflecting an overall increase of 460% over this period.

What is the median guideline value for streets in Korattur?

The median guideline value for streets in Korattur is Rs 2,500 per sq.ft, which means Kallikuppam Pilliyar Koil Street (North) is below this median value.

What are the stamp duty and registration fees for property in Kallikuppam Pilliyar Koil Street (North)?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000, and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

Where is the Villivakkam Sub Registrar Office located?

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