Guideline Value for Kammaavarpalayam Street

Kammaavarpalayam Street guideline value

The current guideline value of Kammaavarpalayam Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Sothupuruampedu village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Kammaavarpalayam Street has changed

The guideline value for Kammaavarpalayam Street has undergone several revisions over the years. The earliest available figure is from 2007, set at Rs 100 per sq.ft. This increased to Rs 200 per sq.ft in 2012, but then decreased to Rs 134 per sq.ft in 2017. Following this, the value rose significantly to Rs 200 per sq.ft in 2023, and most recently to Rs 220 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 120%. The changes between the revisions include a 100% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a substantial 49% increase from 2017 to 2023. The latest revision reflects a 10% increase from 2023 to 2024.

Guideline values in Sothupuruampedu

In Sothupuruampedu, there are 15 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 110 to Rs 500 per sq.ft. Kammaavarpalayam Street's 2024 figure of Rs 220 per sq.ft is equal to the median value of the village.

• Krishna Nagar: Rs 330 per sq.ft (2024)
• KRISHNA NAGAR Extension: Rs 330 per sq.ft (2024)
• Lakshimiamman Koil Street: Rs 220 per sq.ft (2024)
• Muthialamman Koil Street: Rs 220 per sq.ft (2024)
• Church Colony: Rs 110 per sq.ft (2024)
• Chakkilipalayam Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Kammaavarpalayam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total cost for these fees Rs 19,800. 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 Kammaavarpalayam Street?

Kammaavarpalayam Street falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sothupuruampedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a fair value as determined by the local authorities. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kammaavarpalayam Street?

The current guideline value of Kammaavarpalayam Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 100 per sq.ft in 2007, increasing to Rs 200 in 2012, then decreasing to Rs 134 in 2017, and rising to Rs 200 in 2023 before reaching Rs 220 in 2024.

What is the median guideline value in Sothupuruampedu?

The median guideline value in Sothupuruampedu is Rs 220 per sq.ft, which is the same as the current value for Kammaavarpalayam Street.

What are the stamp duty and registration fees for Kammaavarpalayam Street?

For a plot of 1,000 sq.ft at the guideline value of Rs 220 per sq.ft, the total stamp duty is Rs 15,400 and the registration fee is Rs 4,400, totaling Rs 19,800.

Where is the Sub Registrar Office for Kammaavarpalayam Street located?

The Redhills Sub Registrar Office, which covers Kammaavarpalayam Street, is located at Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.