Guideline Value for Kasppa Munuswami Nayidu Street

Kasppa Munuswami Nayidu Street guideline value

The current guideline value of Kasppa Munuswami Nayidu Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kasppa Munuswami Nayidu Street has changed

The guideline value for Kasppa Munuswami Nayidu Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which saw a significant increase of 580% to Rs 1,000 per sq.ft in the 2012 revision. However, the value dropped by 33% to Rs 670 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while from 2007 to 2024, it has increased a total of 580%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 800 per sq.ft, placing Kasppa Munuswami Nayidu Street's 2024 figure above that median.

• Karuneegar Street: Rs 900 per sq.ft (2024)
• Kattuppakkam Kalani: Rs 700 per sq.ft (2024)
• Kedhareeshvaran Koil Street: Rs 1,000 per sq.ft (2024)
• Karikadai Street @ Kavingar kannadhasan street: Rs 1,000 per sq.ft (2024)
• Kizhakku Kammala Sandhu Street: Rs 900 per sq.ft (2024)
• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kasppa Munuswami Nayidu Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Kasppa Munuswami Nayidu Street?

The Sub Registrar Office that covers Kasppa Munuswami Nayidu Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kasppa Munuswami Nayidu Street?

The current guideline value of Kasppa Munuswami Nayidu Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 1,000 per sq.ft. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and it has not changed since then.

What is the land classification for Kasppa Munuswami Nayidu Street?

The land classification for Kasppa Munuswami Nayidu Street is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 90,000.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find more information about it online.