Guideline Value for Kallikuppam Road

Kallikuppam Road guideline value

The current guideline value of Kallikuppam Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Menambedu village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kallikuppam Road has changed

The guideline value for Kallikuppam Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The value then increased to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft in the 2024 revision, reflecting a 6% increase from the previous year.

Between 2012 and 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are a total of 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this area is Rs 1,003 per sq.ft, placing Kallikuppam Road's 2024 figure above that median.

• Kamakodi Street: Rs 1,000 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,002 per sq.ft (2024)
• Kamarajar salai: Rs 1,002 per sq.ft (2024)
• Kamathenu Street: Rs 1,700 per sq.ft (2024)
• Kambar Street: Rs 1,001 per sq.ft (2024)
• Kaniappa Reddy Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kallikuppam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kallikuppam Road?

The Sub Registrar Office that covers Kallikuppam Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Menambedu

The guideline value plays a crucial role in the registration of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kallikuppam Road?

The current guideline value of Kallikuppam Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft in 2024.

What is the land classification of Kallikuppam Road?

Kallikuppam Road is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties on Kallikuppam Road?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Sub Registrar Office for Kallikuppam Road located?

The Sub Registrar Office for Kallikuppam Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.