Guideline Value for GENGUREDDY KUPPAM 5TH STREET

Gengureddy Kuppam 5th Street guideline value

The current guideline value of Gengureddy Kuppam 5th Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Gengureddy Kuppam 5th Street has changed

The guideline value for Gengureddy Kuppam 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 870 per sq.ft, an increase from Rs 800 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the value was Rs 737 per sq.ft, also reflecting a +9% increase from the previous revision in 2023. Overall, from 2017 to 2024, the guideline value has increased by +18%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the first recorded figure is from 2017.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, placing Gengureddy Kuppam 5th Street above this median with its current value of Rs 870 per sq.ft.

• Gengureddy Kuppam 4th Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Ambedkar Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 3rd Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Anna Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 2nd Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Colony: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Gengureddy Kuppam 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 870 per sq.ft, the guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, totaling Rs 78,300. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Gengureddy Kuppam 5th Street?

The Gengureddy Kuppam 5th Street falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value ensures that the transaction reflects a fair value for taxation purposes. It helps in maintaining transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Gengureddy Kuppam 5th Street?

The current guideline value of Gengureddy Kuppam 5th Street is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, reflecting an overall increase of +18%.

What is the land classification for Gengureddy Kuppam 5th Street?

Gengureddy Kuppam 5th Street is classified under Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300.

Which office handles the registration for Gengureddy Kuppam 5th Street?

The registration for Gengureddy Kuppam 5th Street is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.