Guideline Value for THOTTIKALAI KUMARAPPA STREET

Thottikalai Kumarappa Street guideline value

The current guideline value of Thottikalai Kumarappa Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - II.

How the guideline value of Thottikalai Kumarappa Street has changed

The guideline value of Thottikalai Kumarappa Street has experienced several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it saw a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in the 2023 revision, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the change was an increase of 49%, while from 2012 to 2017, there was a decrease of 33%. The increase from 2007 to 2012 was substantial at 208%. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. Thottikalai Kumarappa Street's current guideline value is below this median.

• Thyagi Alala Sundaram Street: Rs 2,200 per sq.ft (2024)
• T.V.H.LUMBINI SQUARE: Rs 10,800 per sq.ft (2024)
• T.V.K.Street: Rs 4,900 per sq.ft (2024)
• Uppira Narayanan 1st Lane: Rs 4,400 per sq.ft (2024)
• Uppira Narayanan 2nd Lane: Rs 4,400 per sq.ft (2024)
• Thiru Narayana Guru Salai (A) Hunters Road: Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thottikalai Kumarappa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 for more detailed calculations.

Which Sub Registrar Office covers Thottikalai Kumarappa Street?

The Sub Registrar Office that covers Thottikalai Kumarappa Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will be based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Thottikalai Kumarappa Street?

The current guideline value of Thottikalai Kumarappa Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the land classification of Thottikalai Kumarappa Street?

Thottikalai Kumarappa Street is classified as Residential Class V Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thottikalai Kumarappa Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.