Guideline Value for KAMBAR KUDIYIRUPPU

Kambar Kudiyiruppu guideline value

The current guideline value of Kambar Kudiyiruppu is Rs 12,100 per sq.ft, effective from 1 July 2024. This area is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kambar Kudiyiruppu has changed

The guideline value for Kambar Kudiyiruppu has seen significant changes over the years. In 2002, the guideline value was Rs 1,146 per sq.ft, which increased to Rs 1,310 per sq.ft in 2003, marking a rise of 14%. This upward trend continued with a substantial increase to Rs 5,000 per sq.ft in 2007, reflecting a 282% change. The value then rose to Rs 11,000 per sq.ft in 2012, a 120% increase from the previous revision. However, there was a decrease to Rs 7,370 per sq.ft in 2017, representing a drop of 33%. The value then climbed to Rs 11,000 per sq.ft again in 2023, before reaching the current figure of Rs 12,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 956%. The register has no figures for the years not mentioned in this article.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this village is Rs 4,900 per sq.ft, placing Kambar Kudiyiruppu's 2024 figure above this median.

• Kailash Colony: Rs 12,100 per sq.ft (2024)
• Kirishna Flats: Rs 6,600 per sq.ft (2024)
• Jayanth Colony: Rs 9,800 per sq.ft (2024)
• Jawaharlal Nehru Road (100feet Road): Rs 13,200 per sq.ft (2024)
• Koyya Thoppu: Rs 5,500 per sq.ft (2024)
• Iswarya Flats: Rs 9,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total fees to Rs 10,89,000. 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 Kambar Kudiyiruppu?

Kambar Kudiyiruppu falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kambar Kudiyiruppu?

The current guideline value of Kambar Kudiyiruppu is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,146 per sq.ft in 2002 to Rs 12,100 per sq.ft in 2024, representing an overall increase of 956%.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with Kambar Kudiyiruppu's 2024 figure being above this median.

What are the stamp duty and registration fees for Kambar Kudiyiruppu?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,21,00,000, with stamp duty at Rs 8,47,000 and registration fees at Rs 2,42,000, totaling Rs 10,89,000.

Which office handles registrations for Kambar Kudiyiruppu?

The Villivakkam Sub Registrar Office handles registrations for Kambar Kudiyiruppu, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.