Guideline Value for KUPPU REDDY NAGAR 'GOVINDA REDDY STREET'

Kuppu Reddy Nagar 'govinda Reddy Street' guideline value

The current guideline value of Kuppu Reddy Nagar 'govinda Reddy 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 'govinda Reddy Street' has changed

The guideline value for Kuppu Reddy Nagar 'govinda Reddy Street' has seen changes over the years. The earliest revision available is from 2012, which set the guideline value at Rs 3,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,300 per sq.ft, marking a 10% rise from the 2012 figure.

For the years 2023, 2017, 2007, 2003, and 2002, the register has no figure for this street. Thus, the only revisions recorded are from 2012 and 2024, reflecting the changes in guideline value over 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. The median guideline value in this area is Rs 2,500 per sq.ft, which means that Kuppu Reddy Nagar 'govinda Reddy Street' is above the median value.

• Kuppu Reddy Nagar 'devadoss 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 'govinda Reddy 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. Together, these fees would total Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Kuppu Reddy Nagar 'govinda Reddy Street' is 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 plays a crucial role in the registration of property transactions in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are essential for legal ownership transfer.

Frequently asked questions

What is the current guideline value of Kuppu Reddy Nagar 'govinda Reddy Street'?

The current guideline value of Kuppu Reddy Nagar 'govinda Reddy 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for this street?

The land classification for Kuppu Reddy Nagar 'govinda Reddy Street' is Residential Special Type - III. This classification indicates the type of residential development permitted in the area.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. The duty is charged on the higher of the guideline value or the sale price.

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

The Villivakkam Sub Registrar Office covers Kuppu Reddy Nagar 'govinda Reddy Street' and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about your SRO online.