Guideline Value for Kuyavan Kuttai

Kuyavan Kuttai guideline value

The current guideline value of Kuyavan Kuttai is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Kuyavan Kuttai has changed

The guideline value register has no figures for Kuyavan Kuttai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, lists the guideline value at Rs 1,650 per sq.ft.

There have been no changes between the revisions above, indicating stability in the guideline value for this street in recent years.

Guideline values in Madipakkam-1

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

• Kuyavan Kuttai Cross Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for stamp duty and registration fees Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuyavan Kuttai?

Kuyavan Kuttai 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 further assistance.

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

The guideline value serves as a benchmark for property transactions in Madipakkam-1, determining the minimum value at which properties can be registered. It is essential for buyers and sellers to be aware of this value to ensure compliance with registration requirements.

When purchasing property, the guideline value will influence the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. Understanding these values is crucial for a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kuyavan Kuttai?

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

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recent revision is from 2024, which lists the guideline value at Rs 1,650 per sq.ft.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Kuyavan Kuttai's value below this median at Rs 1,650 per sq.ft.

What are the stamp duty and registration fees for properties in Kuyavan Kuttai?

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 the registration of properties in Kuyavan Kuttai.