Guideline Value for Kuya Street

Kuya Street guideline value

The current guideline value of Kuya Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kuya Street has changed

Over the years, the guideline value for Kuya Street has seen significant changes. The register does not have figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The guideline value remained unchanged from 2023 to 2024, maintaining the rate at Rs 1,200 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. This consistent rise reflects the evolving property landscape in the area, with the current rate being significantly higher than the previous revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Kuya Street's 2024 figure above that median.

• Lake View Gardens: Rs 700 per sq.ft (2024)
• Kuppu Mudali Street: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Kulasekara Perumal Street: Rs 1,000 per sq.ft (2024)
• Lancor: Rs 700 per sq.ft (2024)
• Le Waterina Resorts: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuya Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers Kuya Street?

The Sub Registrar Office that covers Kuya Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A. It serves as a reference point for determining the minimum value of a property for registration purposes. 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 is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, thereby supporting local infrastructure and services.

Frequently asked questions

What is the current guideline value of Kuya Street?

The current guideline value of Kuya Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kuya Street was Rs 804 per sq.ft in 2017, increased to Rs 1,200 per sq.ft in both 2023 and 2024, showing a 49% increase from 2017 to 2024.

What is the land classification for Kuya Street?

Kuya Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Kuya Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kuya Street?

Stamp duty for properties in Kuya Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft would incur a total stamp duty and registration fee of Rs 1,08,000.