Guideline Value for KERUGAMBAKKAM MAIN ROAD

Kerugambakkam Main Road guideline value

The current guideline value of Kerugambakkam Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Kerugambakkam Main Road has changed

The guideline value for Kerugambakkam Main Road has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, reflecting a significant change of 49%. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value is Rs 2,200 per sq.ft, and the guideline value for Kerugambakkam Main Road is above this median.

• Kolapakkam - Manapakkam Road Panchayath Road: Rs 2,750 per sq.ft (2024)
• Kolappakkam: Rs 2,750 per sq.ft (2024)
• Kaththayiamman Magar: Rs 1,980 per sq.ft (2024)
• Kathiravan Nagar: Rs 2,750 per sq.ft (2024)
• Karumariamman Nagar: Rs 2,200 per sq.ft (2024)
• Kamatchi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kerugambakkam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to 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 Kerugambakkam Main Road?

The Sub Registrar Office that covers Kerugambakkam Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kolapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kerugambakkam Main Road?

The current guideline value of Kerugambakkam Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Kolapakkam?

The median guideline value in Kolapakkam is Rs 2,200 per sq.ft. The guideline value for Kerugambakkam Main Road is above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Kerugambakkam Main Road?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration for properties in the area.