Guideline Value for Kudiyana Street

Kudiyana Street guideline value

The current guideline value of Kudiyana Street is Rs 103 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Kudiyana Street has changed

The guideline value for Kudiyana Street has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 27 per sq.ft, which increased significantly to Rs 100 per sq.ft in the 2023 revision. The latest revision in 2024 saw a further increase to Rs 103 per sq.ft, marking a 3% rise from the previous year.

Between 2017 and 2023, the guideline value increased by 270%, and from 2017 to 2024, it has risen by a total of 281%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Karasangal

In Karasangal village, there are 16 streets under the Acchirapakkam SRO with a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, placing Kudiyana Street at the median value for 2024.

• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Keela Street: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Kudiyana Street

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, making the total cost for these fees Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kudiyana Street?

Kudiyana Street falls under the jurisdiction of the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value helps in assessing the official value of the property, which is important for taxation purposes. It is essential for buyers to understand that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Kudiyana Street?

The current guideline value of Kudiyana Street is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 27 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and further to Rs 103 per sq.ft in 2024. This represents a total increase of 281% from 2017 to 2024.

What are the other streets in Karasangal with their guideline values?

In Karasangal, other streets have guideline values ranging from Rs 103 to Rs 115 per sq.ft. Notable streets include Kela Attrankarai Street and Keela Street, both at Rs 103 per sq.ft in 2024.

What fees are involved when buying property in Kudiyana Street?

When buying property in Kudiyana Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Acchirapakkam Sub Registrar Office covers Kudiyana Street, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.