Guideline Value for KUTTAI ST

Kuttai St guideline value

The current guideline value of Kuttai St in Aswarevanthapuram village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Special Type - I.

How the guideline value of Kuttai St has changed

The guideline value for Kuttai St has seen several revisions over the years. The 2017 revision set the value at Rs 117 per sq.ft, which was a significant increase from the previous years, where the register has no figure for 2002, 2003, 2007, and 2012. The 2023 revision maintained the guideline value at Rs 300 per sq.ft, and the 2024 revision also reflects the same value of Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 156%. Overall, from 2017 to 2024, the increase remains at 156%, as the value has not changed between 2023 and 2024.

Guideline values in Aswarevanthapuram

Aswarevanthapuram has 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 300 per sq.ft. Kuttai St's 2024 figure of Rs 300 per sq.ft is equal to the median value for the area.

• Mal Vannier St: Rs 300 per sq.ft (2024)
• Old Post Office St: Rs 300 per sq.ft (2024)
• Chittor Main Rd: Rs 300 per sq.ft (2024)
• Bramanar St: Rs 300 per sq.ft (2024)
• Big Street: Rs 300 per sq.ft (2024)
• Road Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuttai St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It's 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 Kuttai St?

Kuttai St is covered by 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 Aswarevanthapuram

The guideline value plays a crucial role in property transactions in Aswarevanthapuram. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kuttai St?

The current guideline value of Kuttai St is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value for Kuttai St increased from Rs 117 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking an overall increase of 156% from 2017 to 2024.

What is the registration office for Kuttai St?

The registration office for Kuttai 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 Kuttai St?

Stamp duty for properties in Kuttai St is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value would incur a total stamp duty of Rs 21,000.

Are there other streets with the same guideline value in Aswarevanthapuram?

Yes, several other streets in Aswarevanthapuram also have a guideline value of Rs 300 per sq.ft for 2024, including Mal Vannier St, Old Post Office St, Chittor Main Rd, Bramanar St, Big Street, and Road Street.