Guideline Value for Kuyavan Kuttai Cross Street

Kuyavan Kuttai Cross Street guideline value

The current guideline value for Kuyavan Kuttai Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kuyavan Kuttai Cross Street has changed

The guideline value register shows no figures for Kuyavan Kuttai Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,650 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure is the only value recorded for this street in the guideline value register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Kuyavan Kuttai Cross Street's 2024 figure is below this median.

• Kuyavan Kuttai: Rs 1,650 per sq.ft (2024)
• Kusavan Kulam/Madipakkam Main Road: Rs 5,500 per sq.ft (2024)
• Lake view 10th Street: Rs 2,200 per sq.ft (2024)
• Lake view 11th Street: Rs 2,200 per sq.ft (2024)
• Lake view 12th Street: Rs 2,200 per sq.ft (2024)
• Lake View 13th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kuyavan Kuttai Cross Street

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

Which Sub Registrar Office covers Kuyavan Kuttai Cross Street?

The Kuyavan Kuttai Cross Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for the transaction value. If the sale price exceeds the guideline value, the stamp duty is calculated based on the higher amount.

Frequently asked questions

What is the current guideline value for Kuyavan Kuttai Cross Street?

The current guideline value for Kuyavan Kuttai Cross 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 register shows no figures for Kuyavan Kuttai Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is Rs 1,650 per sq.ft from the 2024 revision.

What are the other streets in Madipakkam-1 with their guideline values?

Other streets in Madipakkam-1 include Kuyavan Kuttai at Rs 1,650 per sq.ft, Kusavan Kulam/Madipakkam Main Road at Rs 5,500 per sq.ft, and several Lake View streets at Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles registrations for properties in the Kuyavan Kuttai Cross Street area.