Guideline Value

Corporate

Guideline Value for KUPPAM 4TH STREET

₹1000/sq.ft.

The guideline value for Kuppam 4th Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kuppam 4th Street

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Kuppam 4th Street guideline value

The current guideline value of Kuppam 4th Street is Rs 1,000 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO and is classified as Residential Class V Type - II.

How the guideline value of Kuppam 4th Street has changed

The guideline value for Kuppam 4th Street has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 250 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value saw a decrease to Rs 502 per sq.ft, a drop of 33%. From 2017 to 2023, the guideline value surged to Rs 1,000 per sq.ft, reflecting a substantial increase of 99%. The most recent revision in 2024 has maintained this figure at Rs 1,000 per sq.ft, indicating no change from the previous year.

It is important to note that there are no recorded figures for Kuppam 4th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kuppam 4th Street's guideline value is below this median.

Stamp duty and registration fee for property in Kuppam 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total cost of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kuppam 4th Street?

Kuppam 4th Street falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Palavakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the costs involved in property transactions. This value is set by the government and is periodically revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Kuppam 4th Street?

The current guideline value of Kuppam 4th Street 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 seen several revisions, with the most significant increase occurring from 2017 to 2023, where it rose by 99%. The overall increase from 2007 to 2024 is 300%.

What are the other streets in Palavakkam with the same guideline value?

Other streets in Palavakkam with the same guideline value of Rs 1,000 per sq.ft include Kuppam 1st, 2nd, 3rd, 5th, and 6th Streets.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Kuppam 4th Street?

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