Guideline Value for Kasi Viswanathar Koilkuppam

Kasi Viswanathar Koilkuppam guideline value

The current guideline value of Kasi Viswanathar Koilkuppam is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Kasi Viswanathar Koilkuppam has changed

The guideline value for Kasi Viswanathar Koilkuppam has undergone several revisions over the years. In 2002, the guideline value was Rs 145 per sq.ft, which increased to Rs 165 per sq.ft in 2003, marking a 14% rise. The value saw a further increase to Rs 200 per sq.ft in 2007, which was a 21% change. By 2012, the value reached Rs 1,500 per sq.ft, reflecting a significant 650% increase from the previous revision.

In 2017, the guideline value was Rs 1,005 per sq.ft, which was a decrease of 33% from 2012. The value then increased to Rs 1,500 per sq.ft in 2023, and most recently, it rose to Rs 1,600 per sq.ft in 2024, showing a 7% increase. There are no figures available for revisions in years other than those listed.

Guideline values in Ernavur

In Ernavur village, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is equal to the current guideline value of Kasi Viswanathar Koilkuppam.

• Kasi Visalakshmi Kuppam: Rs 1,600 per sq.ft (2024)
• Kasi Koil Meenavar colony: Rs 1,600 per sq.ft (2024)
• Kasikoil Kuppam: Rs 1,600 per sq.ft (2024)
• Kanniyala Layout: Rs 1,600 per sq.ft (2024)
• Kamarajar Nagar/ Main Streets/ Cross Streets: Rs 1,600 per sq.ft (2024)
• Kamalammal Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Viswanathar Koilkuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasi Viswanathar Koilkuppam?

The Sub Registrar Office that covers Kasi Viswanathar Koilkuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial element in the registration process when buying or selling property in Ernavur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property transaction occurs, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures transparency and uniformity in property transactions within the area.

Frequently asked questions

What is the current guideline value of Kasi Viswanathar Koilkuppam?

The current guideline value of Kasi Viswanathar Koilkuppam is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 145 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1003% over the years.

What is the stamp duty for property in Kasi Viswanathar Koilkuppam?

The stamp duty for property in Kasi Viswanathar Koilkuppam is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,12,000.

Where is the Sub Registrar Office for Kasi Viswanathar Koilkuppam located?

The Sub Registrar Office for Kasi Viswanathar Koilkuppam is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What land classification does Kasi Viswanathar Koilkuppam fall under?

Kasi Viswanathar Koilkuppam is classified as Residential Class I Type - II, indicating its suitability for residential purposes.