Guideline Value for KIRUBANANTHA VARIYAR ST

Kirubanantha Variyar St guideline value

The current guideline value of Kirubanantha Variyar St is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Srikaligapuram village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kirubanantha Variyar St has changed

Over the years, the guideline value for Kirubanantha Variyar St has seen several revisions. The 2007 revision recorded a value of Rs 40 per sq.ft, which increased to Rs 75 per sq.ft in 2012. However, this figure then decreased to Rs 50 per sq.ft in 2017. The 2023 revision maintained the value at Rs 150 per sq.ft, which remained unchanged in the 2024 revision.

From the 2017 revision to 2023, there was a significant increase of 200%, bringing the value to Rs 150 per sq.ft. The overall change from the 2007 revision to the 2024 revision reflects a 275% increase, demonstrating the evolving guideline value in this area.

Guideline values in Srikaligapuram

Srikaligapuram village features 17 streets under the Ramakrishna Rajupettai SRO, all carrying a 2024 guideline value of Rs 150 per sq.ft, which is also the median value for these streets. Kirubanantha Variyar St's 2024 figure aligns with this median.

• Kamarajar St: Rs 150 per sq.ft (2024)
• Madam St: Rs 150 per sq.ft (2024)
• Indra Nagar: Rs 150 per sq.ft (2024)
• Gandehi St: Rs 150 per sq.ft (2024)
• Nehru St: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kirubanantha Variyar St

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kirubanantha Variyar St?

The Sub Registrar Office that covers Kirubanantha Variyar St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Srikaligapuram. It is used to calculate the stamp duty and registration fees that are payable when a property is bought or sold, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value is considered to determine the applicable fees. Buyers and sellers must be aware of this value as it can significantly affect the overall costs involved in a property transaction.

Frequently asked questions

What is the current guideline value of Kirubanantha Variyar St?

The current guideline value of Kirubanantha Variyar St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting an overall increase of 275% over this period.

What is the land classification for Kirubanantha Variyar St?

Kirubanantha Variyar St is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kirubanantha Variyar St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is stamp duty calculated for properties in Srikaligapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property with a guideline value of Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.