Guideline Value for KAYATHIRI KOOTTURAVU MEGA NAGAR

Kayathiri Kootturavu Mega Nagar guideline value

The current guideline value of Kayathiri Kootturavu Mega Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Villiyampakkam village and falls under the Chengleput Joint II SRO. The land classification for this street is Mixed Special Type - I.

How the guideline value of Kayathiri Kootturavu Mega Nagar has changed

The guideline value for Kayathiri Kootturavu Mega Nagar has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 500 per sq.ft. In 2017, it was revised down to Rs 335 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value returned to Rs 500 per sq.ft, and it remained unchanged in the 2024 revision, showing a 0% change from the previous year.

From 2012 to 2024, the overall change in the guideline value is 0%. The 2023 to 2024 revision saw no change, with a 49% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 950 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, which is equal to the current value of Kayathiri Kootturavu Mega Nagar.

• Miss Daisy Nagar: Rs 500 per sq.ft (2024)
• Om Sakthi Nagar: Rs 450 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Kayathiri Kootturavu Mega Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Please note that the 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 Kayathiri Kootturavu Mega Nagar?

The Sub Registrar Office that covers Kayathiri Kootturavu Mega Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Villiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a value that reflects its worth according to government standards. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Kayathiri Kootturavu Mega Nagar?

The current guideline value of Kayathiri Kootturavu Mega Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the land classification for Kayathiri Kootturavu Mega Nagar?

The land classification for Kayathiri Kootturavu Mega Nagar is Mixed Special Type - I, which indicates the type of development and usage permitted in the area.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 5,00,000, the stamp duty would be calculated at 7% of that amount.