Guideline Value for KUTTAM PALL STREETS

Kuttam Pall Streets guideline value

The current guideline value of Kuttam Pall Streets is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B 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 figure increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase to Rs 770 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kuttam Pall Streets.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which matches the guideline value of Kuttam Pall Streets.

• Kuppusamy Nagar: Rs 440 per sq.ft (2024)
• Lakshman Nagar: Rs 870 per sq.ft (2024)
• Kumaran Garden: Rs 770 per sq.ft (2024)
• Lakshmi Nagar & Streets: Rs 1,400 per sq.ft (2024)
• Lakshminarayan Nagar: Rs 820 per sq.ft (2024)
• Lakshmipathy: Rs 770 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 guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 Kuttam Pall Streets?

The Kuttam Pall Streets fall under the Avadi Sub Registrar Office. The address is 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-B

The guideline value is a crucial factor in property transactions in Thiruninravur-B. It serves as the basis for calculating the stamp duty and registration fees during the registration process, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair assessment of the property's worth for legal and financial purposes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kuttam Pall Streets?

The current guideline value of Kuttam Pall Streets is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Kuttam Pall Streets?

Kuttam Pall Streets are classified as Residential Class II Type - III, indicating the type of development permitted in this area.

Where can I find the Sub Registrar Office for Kuttam Pall Streets?

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

How is stamp duty calculated for properties in Kuttam Pall Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total stamp duty of Rs 53,900.