Guideline Value for Kuwari Road

Kuwari Road guideline value

The current guideline value of Kuwari Road in Soorapattu village, under the Ambattur SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Kuwari Road has changed

The guideline value for Kuwari Road has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

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

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Kuwari Road is below this median.

• Lakshmi Nagar: Rs 3,400 per sq.ft (2024)
• Maarimuthu Amman Koil Street: Rs 1,200 per sq.ft (2024)
• Karumariyamman Koil Street: Rs 1,200 per sq.ft (2024)
• Masuthi Street: Rs 1,200 per sq.ft (2024)
• Mathanakuppam Salai: Rs 1,400 per sq.ft (2024)
• Mettur - 1st Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kuwari Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the 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 Kuwari Road?

The Sub Registrar Office that covers Kuwari Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Soorapattu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Kuwari Road?

The current guideline value of Kuwari Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Kuwari Road?

Kuwari Road falls under the Residential Class III Type - I land classification.

Where can I find the Sub Registrar Office for Kuwari Road?

The Sub Registrar Office for Kuwari Road is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Soorapattu?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.