Guideline Value for V.V. Koil Street Kamaraj Nagar South

V.V. Koil Street Kamaraj Nagar South guideline value

The current guideline value of V.V. Koil Street Kamaraj Nagar South is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of V.V. Koil Street Kamaraj Nagar South has changed

The guideline value for V.V. Koil Street Kamaraj Nagar South has undergone several revisions over the years. The earliest available figures are from the 2007 revision, which set the value at Rs 900 per sq.ft. The subsequent revisions saw changes as follows: in 2012, the value increased to Rs 1,200 per sq.ft, but then dropped to Rs 804 per sq.ft in 2017. The 2023 revision raised it to Rs 1,200 per sq.ft, and the latest revision in 2024 has further increased it to Rs 1,320 per sq.ft.

Between the revisions, there were notable changes: from 2007 to 2012, the value increased by 33%, but then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 47%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of V.V. Koil Street Kamaraj Nagar South is below this median.

• VV Koil Street: Rs 1,320 per sq.ft (2024)
• Yadaval Street: Rs 2,750 per sq.ft (2024)
• V.O. Chidambaram Pillai Street: Rs 1,650 per sq.ft (2024)
• Valluvar Gurukulam South Street: Rs 1,650 per sq.ft (2024)
• Vaigai Street: Rs 1,100 per sq.ft (2024)
• T.P. Sanatorium Ist Main Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in V.V. Koil Street Kamaraj Nagar South

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 details.

Which Sub Registrar Office covers V.V. Koil Street Kamaraj Nagar South?

The Sub Registrar Office that covers V.V. Koil Street Kamaraj Nagar South is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, ensuring compliance with legal requirements.

During the registration process, the guideline value is compared with the actual sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V.V. Koil Street Kamaraj Nagar South?

The current guideline value of V.V. Koil Street Kamaraj Nagar South is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with notable increases and decreases. For instance, it rose from Rs 900 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 47% since 2007.

What is the land classification for V.V. Koil Street Kamaraj Nagar South?

The land classification for V.V. Koil Street Kamaraj Nagar South is Residential Class I Type - III, indicating its suitability for residential purposes.

What are the other streets in Kadaperi and their guideline values?

Other streets in Kadaperi under the Tambaram Joint 1 SRO have varying guideline values. For example, Yadaval Street is valued at Rs 2,750 per sq.ft, while Vaigai Street is at Rs 1,100 per sq.ft for 2024.

Where can I find the Sub Registrar Office for V.V. Koil Street Kamaraj Nagar South?

The Sub Registrar Office covering V.V. Koil Street Kamaraj Nagar South is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles property registrations for the area.