Guideline Value for Kirupanandavariyar Street

Kirupanandavariyar Street guideline value

The current guideline value of Kirupanandavariyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Kirupanandavariyar Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. It then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. The value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose by 10% to the current value of Rs 1,650 per sq.ft in the 2024 revision.

From the 2017 revision to the 2023 revision, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, there has been an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

Chitlapakkam has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Kirupanandavariyar Street.

• Kennedy St: Rs 1,650 per sq.ft (2024)
• Kaviarasu Kannadasan Street: Rs 1,650 per sq.ft (2024)
• Kaveri Street: Rs 1,650 per sq.ft (2024)
• Kousik Avenue: Rs 2,750 per sq.ft (2024)
• Kasthuribai Street: Rs 1,650 per sq.ft (2024)
• Karunanithi St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kirupanandavariyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value is Rs 16,50,000. The stamp duty at 7% amounts to Rs 1,15,500, and the registration fee at 2% is Rs 33,000, totaling Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kirupanandavariyar Street?

The Sub Registrar Office covering Kirupanandavariyar Street 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 information.

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

The guideline value is an essential factor when registering property in Chitlapakkam, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating taxes. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kirupanandavariyar Street?

The current guideline value of Kirupanandavariyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Kirupanandavariyar Street?

Kirupanandavariyar Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Kirupanandavariyar Street?

The Sub Registrar Office for Kirupanandavariyar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.