Guideline Value for Kalyana Kuppam Street

Kalyana Kuppam Street guideline value

The current guideline value of Kalyana Kuppam Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Kalyana Kuppam Street has changed

Over the years, the guideline value of Kalyana Kuppam Street has seen various revisions. The earliest recorded figure is from 2007, where the rate was Rs 50 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a 500% increase. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, a drop of 33%. The value then rose again to Rs 300 per sq.ft in 2023, and it has remained at this rate through the 2024 revision, indicating no change from the previous year.

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision, reflecting a 49% increase from the 2017 figure. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 500% in the guideline value.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value. These values range from Rs 100 to Rs 1,400 per sq.ft, with a median of Rs 400 per sq.ft. Kalyana Kuppam Street's 2024 guideline value is below this median.

• Karpagatharu Nagar-Phase-II: Rs 500 per sq.ft (2024)
• Jaihind Nagar: Rs 400 per sq.ft (2024)
• Keizpathy Street: Rs 400 per sq.ft (2024)
• K.K. Nagar: Rs 400 per sq.ft (2024)
• Gomathi Amman Nagar Annex- Xx: Rs 300 per sq.ft (2024)
• G.G. Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Kuppam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyana Kuppam Street?

Kalyana Kuppam Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This means that both the buyer and seller should have a clear understanding of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalyana Kuppam Street?

The current guideline value of Kalyana Kuppam Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification for Kalyana Kuppam Street?

Kalyana Kuppam Street is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for property in Kalyana Kuppam Street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Kalyana Kuppam Street?

The Tiruvallur Joint 1 Sub Registrar Office covers Kalyana Kuppam Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.