Guideline Value for KUPPAI KARIYAMMAN KOVIL STREET

Kuppai Kariyamman Kovil Street guideline value

The current guideline value of Kuppai Kariyamman Kovil Street is Rs 1,000 per sq.ft. This street is located in Thiritheri village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Kuppai Kariyamman Kovil Street has changed

The guideline value for Kuppai Kariyamman Kovil Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, reflecting no change between these two years.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 1,000 per sq.ft, indicating that there has been no overall change in this period.

Guideline values in Thiritheri

In Thiritheri village, there are 12 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 702 to Rs 1,750 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, placing Kuppai Kariyamman Kovil Street at this median value.

• Kishen Nagar: Rs 702 per sq.ft (2024)
• Gandhi Nagar: Rs 1,493 per sq.ft (2024)
• Ellaiamman Koil St: Rs 1,000 per sq.ft (2024)
• Boulevard Villa Phase-II: Rs 1,000 per sq.ft (2024)
• Boulevad Villa: Rs 1,000 per sq.ft (2024)
• Sai Vignesh Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppai Kariyamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty, calculated at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. It is important to note that the 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 Kuppai Kariyamman Kovil Street?

The Kuppai Kariyamman Kovil Street is covered by 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 Thiritheri

The guideline value is a crucial factor when registering property transactions in Thiritheri. It serves as a benchmark for determining the stamp duty and registration fees associated with property sales. This value is referenced during the registration process to ensure that the correct fees are applied, based on either the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the costs involved in the transaction. Buyers should ensure that they understand how this value influences their overall expenses during the registration process.

Frequently asked questions

What is the current guideline value of Kuppai Kariyamman Kovil Street?

The current guideline value of Kuppai Kariyamman Kovil Street is Rs 1,000 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since 2012, dropped to Rs 670 per sq.ft in 2017, and increased back to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Kuppai Kariyamman Kovil Street?

Kuppai Kariyamman Kovil Street is classified as Residential Special Type - I under the Chengleput Joint II SRO.

How is stamp duty calculated for properties in Thiritheri?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000.

Where can I find the Sub Registrar Office for Kuppai Kariyamman Kovil Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Kuppai Kariyamman Kovil Street.