Guideline Value for KUMARA KUPPAM 2ND STREET

Kumara Kuppam 2nd Street guideline value

The current guideline value of Kumara Kuppam 2nd Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class V Type - I.

How the guideline value of Kumara Kuppam 2nd Street has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO with a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, placing Kumara Kuppam 2nd Street's 2024 figure below that median.

• Kumara Kuppam 1st Street: Rs 550 per sq.ft (2024)
• Kumara Kuppam 3rd Street: Rs 550 per sq.ft (2024)
• Kumarakupamcolony: Rs 550 per sq.ft (2024)
• Kumara Kuppam 4th Street: Rs 550 per sq.ft (2024)
• Kumara Arunthathjiar Colony: Rs 550 per sq.ft (2024)
• Kurunji Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Kumara Kuppam 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 more details.

Which Sub Registrar Office covers Kumara Kuppam 2nd Street?

The Sub Registrar Office that covers Kumara Kuppam 2nd Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Tiruttani, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When buying or selling property, it is essential to consider the guideline value, as it ensures compliance with local regulations and helps avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Kumara Kuppam 2nd Street?

The current guideline value of Kumara Kuppam 2nd Street is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500 based on the current guideline value.

Which office handles property registrations in Kumara Kuppam 2nd Street?

The Thiruttani Sub Registrar Office handles property registrations for Kumara Kuppam 2nd Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the median guideline value in Tiruttani?

The median guideline value in Tiruttani is Rs 825 per sq.ft, which is higher than the current guideline value of Kumara Kuppam 2nd Street.