Guideline Value for Andal Kuppam Main Road

Andal Kuppam Main Road guideline value

The current guideline value of Andal Kuppam Main Road is Rs 1,540 per sq.ft. This road is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Andal Kuppam Main Road has changed

The guideline value for Andal Kuppam Main Road has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 1,540 per sq.ft. Prior to this, the 2023 revision was Rs 1,400 per sq.ft, which marked a 10% increase from the previous year. The 2017 revision had set the value at Rs 938 per sq.ft, reflecting a significant increase of 49% when compared to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Andal Kuppam Main Road.

• Andalkuppam Mayana Salai: Rs 1,210 per sq.ft (2024)
• Andalkuppam/Pillaiyar Koil St.,: Rs 1,210 per sq.ft (2024)
• Andalukuppam Karai Medu: Rs 1,210 per sq.ft (2024)
• Annababa Nagar: Rs 1,540 per sq.ft (2024)
• Ambal Nagar: Rs 1,210 per sq.ft (2024)
• Annai Therasa Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Kuppam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total charges Rs 1,38,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andal Kuppam Main Road?

The Sub Registrar Office that covers Andal Kuppam Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Andal Kuppam Main Road?

The current guideline value of Andal Kuppam Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, a total increase of 64% over the years.

What is the land classification for Andal Kuppam Main Road?

Andal Kuppam Main Road is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property on this road?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Where is the Sub Registrar Office located for this area?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it handles registrations for properties in this area.