Guideline Value for Chinnakuppam

Chinnakuppam guideline value

The current guideline value of Chinnakuppam, located in Kathivakkam village under the Thiruvottiyur SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Chinnakuppam has changed

The guideline value for Chinnakuppam has seen several revisions over the years. In 2002, the value was Rs 66 per sq.ft, which increased to Rs 79 per sq.ft in 2003. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, and then to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The most recent revisions show that the value remained at Rs 1,000 per sq.ft in both 2023 and 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 149%. The value then remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2002 to 2024, the guideline value has increased by 1,415%.

Guideline values in Kathivakkam

Kathivakkam village has a range of guideline values across its 47 streets under the Thiruvottiyur SRO, with the 2024 figures ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,001 per sq.ft, placing Chinnakuppam's 2024 figure below that median. Below are the guideline values for other streets in Kathivakkam:

• Chinnamman Koil Street: Rs 1,000 per sq.ft (2024)
• Church Road: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Darga Road (Railway Station South Side Road): Rs 1,100 per sq.ft (2024)
• Don Bosco Road: Rs 1,001 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnakuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnakuppam?

The Sub Registrar Office that covers Chinnakuppam 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 Kathivakkam

The guideline value is a crucial factor when registering property transactions in Kathivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the current guideline value, as it influences the overall cost of the transaction. This value is essential for calculating the stamp duty, which is charged on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chinnakuppam?

The current guideline value of Chinnakuppam is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 66 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 1,415% over the years.

What are the guideline values of other streets in Kathivakkam?

Other streets in Kathivakkam have guideline values ranging from Rs 1,000 to Rs 1,600 per sq.ft, with the median being Rs 1,001 per sq.ft.

How is stamp duty calculated for property in Chinnakuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.

Where can I find the Sub Registrar Office for Chinnakuppam?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, which covers Chinnakuppam.