Guideline Value for KOTTAPULI VARADHARAJAN NAGAR

Kottapuli Varadharajan Nagar guideline value

The current guideline value of Kottapuli Varadharajan Nagar is Rs 1,321 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Industries Type - I.

How the guideline value of Kottapuli Varadharajan Nagar has changed

The guideline value for Kottapuli Varadharajan Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

Sengundram - 1 village has a total of 126 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Kottapuli Varadharajan Nagar's 2024 figure above that median.

• Kozhi Pannai (Chen): Rs 880 per sq.ft (2024)
• Kollamettu Street (Chen): Rs 660 per sq.ft (2024)
• Kollaimettu Colony (Chen): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Chen): Rs 660 per sq.ft (2024)
• Kasthuri Naga (Chen): Rs 770 per sq.ft (2024)
• Karumari Nagar (Chen): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kottapuli Varadharajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total to Rs 1,18,890. 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 Kottapuli Varadharajan Nagar?

Kottapuli Varadharajan Nagar falls under 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 Sengundram - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the current market conditions, which aids in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kottapuli Varadharajan Nagar?

The current guideline value of Kottapuli Varadharajan Nagar is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the stamp duty for property in Kottapuli Varadharajan Nagar?

The stamp duty for property in Kottapuli Varadharajan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kottapuli Varadharajan Nagar?

The Sub Registrar Office for Kottapuli Varadharajan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, with Kottapuli Varadharajan Nagar's value being above this median.