Guideline Value for KUPPAIMEDU (RA PURAM - TNSCB)

Kuppaimedu (Ra Puram - Tnscb) guideline value

The current guideline value of Kuppaimedu (Ra Puram - Tnscb) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under Mylapore village, governed by the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Kuppaimedu (Ra Puram - Tnscb) has changed

The guideline value for Kuppaimedu (Ra Puram - Tnscb) has undergone several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, the value saw a significant increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%. This shows a fluctuating trend in the guideline values over the years, with significant changes noted during the revisions.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with a 2024 guideline value range from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, indicating that Kuppaimedu (Ra Puram - Tnscb) is below this median.

• Kutchery Lane: Rs 8,800 per sq.ft (2024)
• Kutchery Road: Rs 22,000 per sq.ft (2024)
• Kutti Kiramani 1st Street: Rs 8,800 per sq.ft (2024)
• Kutti Kiramani 2nd Street: Rs 8,800 per sq.ft (2024)
• Kutti Kiramani Street: Rs 8,800 per sq.ft (2024)
• Kuyil Thottam: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppaimedu (Ra Puram - Tnscb)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that 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 Kuppaimedu (Ra Puram - Tnscb)?

The Sub Registrar Office covering Kuppaimedu (Ra Puram - Tnscb) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that are applicable to a property transaction.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Kuppaimedu (Ra Puram - Tnscb)?

The current guideline value of Kuppaimedu (Ra Puram - Tnscb) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing significant fluctuations.

What is the land classification of Kuppaimedu (Ra Puram - Tnscb)?

Kuppaimedu (Ra Puram - Tnscb) is classified as Residential Class V Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Kuppaimedu (Ra Puram - Tnscb)?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kuppaimedu (Ra Puram - Tnscb)?

The Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. This office handles the registration of properties in the area.