Guideline Value for Kaspapuram Main Road.
₹660/sq.ft.
The guideline value for Kaspapuram Main Road. in Kaspapuram village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Kaspapuram
Village
Tambaram Joint 1
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹660 /sq.ft. |
| From 1-4-2023 | ₹600 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹402 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹600 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Kaspapuram Main Road.
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Kaspapuram Main Road. guideline value
The current guideline value of Kaspapuram Main Road. is Rs 660 per sq.ft, effective from 1 July 2024. This road is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.
How the guideline value of Kaspapuram Main Road. has changed
The guideline value for Kaspapuram Main Road. has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.
Overall, from 2012 to 2024, the guideline value has increased by 10%. The change from 2017 to 2023 was a notable 49% increase, while the decrease from 2012 to 2017 was 33%.
Guideline values in Kaspapuram
Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kaspapuram Main Road.'s 2024 guideline value below this median.
- Karunya Street: Rs 550 per sq.ft (2024)
- Krishna Nagar 1st Street: Rs 1,650 per sq.ft (2024)
- Krishna Nagar 2nd Main Road: Rs 1,650 per sq.ft (2024)
- Krishna Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
- Krishna Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
- Krishna Nagar 4th Street: Rs 1,650 per sq.ft (2024)
Stamp duty and registration fee for property in Kaspapuram Main Road.
For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, resulting in Rs 46,200, while the registration fee is 2%, amounting to Rs 13,200. Together, the total cost for stamp duty and registration fee would be Rs 59,400. It is important to note that 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 Kaspapuram Main Road.?
The Sub Registrar Office that covers Kaspapuram Main Road. is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Kaspapuram
The guideline value plays a crucial role during the registration process when buying or selling property in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the public registry.
When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency in property transactions and ensures that all parties are aware of the costs involved.
Frequently asked questions
What is the current guideline value of Kaspapuram Main Road.?
The current guideline value of Kaspapuram Main Road. is Rs 660 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value for Kaspapuram Main Road. has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.
What is the median guideline value in Kaspapuram?
The median guideline value for the 76 streets in Kaspapuram under the Tambaram Joint 1 SRO is Rs 1,100 per sq.ft.
What are the stamp duty and registration fees for properties in Kaspapuram Main Road.?
For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.
Which office handles property registration for Kaspapuram Main Road.?
The Tambaram Joint 1 Sub Registrar Office handles property registration for Kaspapuram Main Road., located at No.26, Mes Road, East Tambaram, Chennai-600059.
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