Guideline Value for KUYAVAR STREET (A) UDAYAR STREET

Kuyavar Street (A) Udayar Street guideline value

The current guideline value of Kuyavar Street (A) Udayar Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Beerakupam village under the Ramakrishna Rajupettai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kuyavar Street (A) Udayar Street has changed

The guideline value for Kuyavar Street (A) Udayar Street has seen several revisions over the years. In 2007, the value was Rs 75 per sq.ft, which increased significantly to Rs 175 per sq.ft in 2012, marking a rise of 133%. The value then decreased to Rs 117 per sq.ft in 2017, a drop of 33%. However, it rebounded to Rs 175 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 133%, reflecting the fluctuations in the market over the years.

Guideline values in Beerakupam

In Beerakupam, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with a median value of Rs 175 per sq.ft. Kuyavar Street (A) Udayar Street's 2024 figure aligns perfectly with this median.

• Navithar Street: Rs 175 per sq.ft (2024)
• Noochili Road: Rs 175 per sq.ft (2024)
• Passukal Battai Street: Rs 150 per sq.ft (2024)
• Gandhi Road (A) S. Agragaram Street: Rs 150 per sq.ft (2024)
• Chittor Main Rd: Rs 200 per sq.ft (2024)
• S.Agraharam New Road: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kuyavar Street (A) Udayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty, charged at 7%, would amount to Rs 12,250, while the registration fee at 2% would be Rs 3,500. Therefore, the total cost for stamp duty and registration would be Rs 15,750. It is important to note that 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 Kuyavar Street (A) Udayar Street?

The Kuyavar Street (A) Udayar Street falls under the jurisdiction of 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 Beerakupam

The guideline value plays a crucial role during the registration of property transactions in Beerakupam. It serves as a benchmark for determining the minimum sale price of properties, ensuring that the transaction is recorded at a fair value in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kuyavar Street (A) Udayar Street?

The current guideline value of Kuyavar Street (A) Udayar Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 175 per sq.ft in 2012, then decreased to Rs 117 per sq.ft in 2017, and has remained at Rs 175 per sq.ft in 2023 and 2024.

What is the land classification for Kuyavar Street (A) Udayar Street?

Kuyavar Street (A) Udayar Street is classified as Residential Class I Type - I. This classification typically indicates the type of development permitted in the area.

Where can I find the Ramakrishna Rajupettai Sub Registrar Office?

The Ramakrishna Rajupettai Sub Registrar Office is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. This office handles property registrations for the area.

How is stamp duty calculated for properties in Beerakupam?

Stamp duty for properties in Beerakupam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.