Guideline Value for KUPPU REDDY NAGAR 'DEVADOSS STREET'

Kuppu Reddy Nagar 'devadoss Street' guideline value

The current guideline value for Kuppu Reddy Nagar 'devadoss Street' is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kuppu Reddy Nagar 'devadoss Street' has changed

The guideline value for Kuppu Reddy Nagar 'devadoss Street' has seen a change from Rs 3,000 per sq.ft in the 2012 revision to Rs 3,300 per sq.ft in the 2024 revision, marking an increase of 10%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. The next revision in 2024 brought the value up to Rs 3,300 per sq.ft, reflecting the only recorded change in this period.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value for Kuppu Reddy Nagar 'devadoss Street' is above this median.

• Kuppu Reddy Nagar 'govinda Reddy Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'govindasamy Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'janakiraman Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'nagammal Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'reddy Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar / Streets (K.R Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Reddy Nagar 'devadoss Street'

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total charges Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Kuppu Reddy Nagar 'devadoss Street'?

The Kuppu Reddy Nagar 'devadoss Street' falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Kuppu Reddy Nagar 'devadoss Street'?

The current guideline value for Kuppu Reddy Nagar 'devadoss Street' is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Kuppu Reddy Nagar 'devadoss Street'?

Kuppu Reddy Nagar 'devadoss Street' is classified as Residential Special Type - III. This classification is important for understanding the zoning and permissible uses of the land.

What are the other streets in Kuppu Reddy Nagar?

Other streets in Kuppu Reddy Nagar include 'govinda Reddy Street', 'govindasamy Street', 'janakiraman Street', 'nagammal Street', and 'reddy Street', all of which have a guideline value of Rs 3,300 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Kuppu Reddy Nagar 'devadoss Street'?

The Sub Registrar Office covering Kuppu Reddy Nagar 'devadoss Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles all registration activities for the area.