Guideline Value for Kuyavar Street

Kuyavar Street guideline value

The current guideline value of Kuyavar Street in Sembiam village, under the Sembiam SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Kuyavar Street has changed

The guideline value for Kuyavar Street has undergone several revisions over the years. In 2002, the value was Rs 341 per sq.ft, which increased to Rs 370 per sq.ft in 2003, reflecting a change of +9%. The value further rose to Rs 700 per sq.ft in 2007, marking a significant increase of +89%. In 2012, the value was recorded at Rs 1,600 per sq.ft, which was a substantial rise of +129% from the previous revision. However, this value dropped to Rs 1,072 per sq.ft in 2017, representing a decrease of -33%. The value then increased to Rs 1,600 per sq.ft in 2023, before reaching the current figure of Rs 1,700 per sq.ft in 2024, which is a change of +6%.

Overall, from 2002 to 2024, the guideline value for Kuyavar Street has increased by +399%. There are no figures available for the revisions in years other than those specified.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that Kuyavar Street's 2024 guideline value is below this median.

• Lakshmiamman Koil Street: Rs 4,400 per sq.ft (2024)
• Lakshmiamman Nagar: Rs 4,400 per sq.ft (2024)
• Lakshmiamman Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Lakshmiamman Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Lakshmiamman Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Lakshmiamman Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kuyavar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Kuyavar Street?

Kuyavar Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that all transactions are conducted fairly and transparently within the framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kuyavar Street?

The current guideline value of Kuyavar Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 341 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, showing an overall increase of +399% over this period.

What is the land classification for Kuyavar Street?

Kuyavar Street is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

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

The Sub Registrar Office that covers Kuyavar Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated for properties in Sembiam?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 and a registration fee of Rs 34,000.