Guideline Value for KUTTAM PALL STREETS

Kuttam Pall Streets guideline value

The current guideline value of Kuttam Pall Streets is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Kuttam Pall Streets has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 750 per sq.ft, representing a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. It is important to note that the register has no figures for Kuttam Pall Streets for the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the 2024 figure for Kuttam Pall Streets.

• Kuppusamy Nagar: Rs 440 per sq.ft (2024)
• Lakshman Nagar: Rs 840 per sq.ft (2024)
• Kumaran Garden: Rs 750 per sq.ft (2024)
• Lakshmi Nagar & Streets: Rs 1,400 per sq.ft (2024)
• Lakshminarayan Nagar: Rs 750 per sq.ft (2024)
• Lakshmipathy: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kuttam Pall Streets

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value totals Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, leading to a total of Rs 67,500 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuttam Pall Streets?

The Kuttam Pall Streets are covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a critical factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When buyers or sellers engage in a transaction, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kuttam Pall Streets?

The current guideline value of Kuttam Pall Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles registrations for Kuttam Pall Streets?

The Avadi Sub Registrar Office handles registrations for Kuttam Pall Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that these fees are based on a standardized value for properties in the area.