Guideline Value for ANDAR KUPPAM

Andar Kuppam guideline value

The current guideline value of Andar Kuppam, located in Kadappakkam village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Andar Kuppam has changed

The guideline value for Andar Kuppam has seen significant changes over the years. In 2002, the guideline value was Rs 24 per sq.ft, which increased to Rs 27 per sq.ft in 2003. The value then rose to Rs 100 per sq.ft in 2007, followed by a substantial increase to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value further increased to Rs 1,000 per sq.ft in 2023, and currently, it stands at Rs 1,002 per sq.ft as of the 2024 revision.

Looking at the changes between revisions, from 2017 to 2023, there was a notable increase of 149%. The period from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was significant at 500%, while from 2003 to 2007, the increase was 270%. From 2002 to 2003, the increase was 13%. Overall, from 2002 to 2024, the guideline value has increased by 4,075%.

Guideline values in Kadappakkam

In Kadappakkam, there are 17 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with the median value being Rs 1,002 per sq.ft. The guideline value for Andar Kuppam is equal to this median.

• Andal Nagar: Rs 1,002 per sq.ft (2024)
• Ambigeswari Nagar: Rs 1,002 per sq.ft (2024)
• Bharathi Nagar: Rs 1,002 per sq.ft (2024)
• Chelliamma N Koil Street: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Kamarajpuram: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Andar Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total cost for stamp duty and registration fees Rs 90,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Andar Kuppam?

The Sub Registrar Office that covers Andar Kuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kadappakkam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is considered for the calculation of these 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 Andar Kuppam?

The current guideline value of Andar Kuppam is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 24 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 4,075%.

What is the registration office for Andar Kuppam?

The registration office for Andar Kuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Andar Kuppam?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. The current rate is 7% for stamp duty.

What are the other streets in Kadappakkam with similar guideline values?

Other streets in Kadappakkam, such as Andal Nagar, Ambigeswari Nagar, and Bharathi Nagar, also have a guideline value of Rs 1,002 per sq.ft as of 2024.