Guideline Value for Kasikoil Kuppam

Kasikoil Kuppam guideline value

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

How the guideline value of Kasikoil Kuppam has changed

The guideline value for Kasikoil Kuppam has seen several revisions over the years. In 2002, the value was Rs 134 per sq.ft, which increased to Rs 153 per sq.ft in 2003, marking a 14% rise. The value further increased to Rs 200 per sq.ft in 2007, reflecting a 31% change. A significant jump occurred in 2012 when the value reached Rs 1,500 per sq.ft, which was a 650% increase from the previous figure.

In 2017, the guideline value was revised to Rs 1,005 per sq.ft, showing a decrease of 33%. However, the value rose again in 2023 to Rs 1,500 per sq.ft, and the most recent revision in 2024 set it at Rs 1,600 per sq.ft, representing a 7% increase. The overall change from 2002 to 2024 is an increase of 1,094%.

Guideline values in Ernavur

Ernavur village has 82 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which aligns with the current value for Kasikoil Kuppam.

• Kasi Koil Meenavar colony: Rs 1,600 per sq.ft (2024)
• Kasi Visalakshmi Kuppam: Rs 1,600 per sq.ft (2024)
• Kasi Viswanathar Koilkuppam: 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 Kasikoil Kuppam

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 be 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 or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kasikoil Kuppam?

The Sub Registrar Office that covers Kasikoil Kuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration of property transactions in Ernavur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Kasikoil Kuppam?

The current guideline value of Kasikoil Kuppam 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 134 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 1,094% over this period.

What is the stamp duty rate for properties in Kasikoil Kuppam?

The stamp duty rate for properties in Kasikoil Kuppam is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kasikoil Kuppam located?

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

What other streets have the same guideline value in Ernavur?

Other streets in Ernavur with the same guideline value of Rs 1,600 per sq.ft include Kasi Koil Meenavar colony, Kasi Visalakshmi Kuppam, Kasi Viswanathar Koilkuppam, Kanniyala Layout, and Kamarajar Nagar/ Main Streets/ Cross Streets.