Guideline Value for Kirupa Nagar

Kirupa Nagar guideline value

The current guideline value of Kirupa Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 807 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kirupa Nagar has changed

The guideline value for Kirupa Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the 2023 revision brought the value back up to Rs 807 per sq.ft, and it remained unchanged in the 2024 revision.

From the 2017 revision to the 2023 revision, there was a significant increase of 141%. The overall change from 2012 to 2024 reflects a 61% increase, with no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing Kirupa Nagar's 2024 figure below this median.

• Kirupa Nagar Extn.: Rs 807 per sq.ft (2024)
• Kesavan Street: Rs 880 per sq.ft (2024)
• Koil Pathagai Main Road: Rs 1,300 per sq.ft (2024)
• Krishna Murthi Street: Rs 880 per sq.ft (2024)
• Krishtappa Street: Rs 880 per sq.ft (2024)
• Karpaga Valli Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Kirupa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, while the registration fee at 2% would be Rs 16,140, leading to a total of Rs 72,630. It is important to note that 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 precise calculations based on your property details.

Which Sub Registrar Office covers Kirupa Nagar?

The Sub Registrar Office that covers Kirupa Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial component in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for assessing the value of the property and determining the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value ensures that the fees are calculated fairly and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kirupa Nagar?

The current guideline value of Kirupa Nagar is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 807 per sq.ft in 2023 and remained the same in 2024.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, with Kirupa Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for a property in Kirupa Nagar?

For a property valued at Rs 8,07,000, the stamp duty would be Rs 56,490 and the registration fee would be Rs 16,140, totaling Rs 72,630.

Which office handles property registrations for Kirupa Nagar?

The Ambattur Sub Registrar Office handles property registrations for Kirupa Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.