Guideline Value for KUPPAM BEACH ROAD

Kuppam Beach Road guideline value

The current guideline value of Kuppam Beach Road is Rs 7,150 per sq.ft, effective from 1 July 2024. This road is located in Thiruvanmiyur village under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Kuppam Beach Road has changed

The guideline value for Kuppam Beach Road has seen several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 4,355 per sq.ft. The value remained at Rs 6,500 per sq.ft in 2023 before increasing by 10% to Rs 7,150 per sq.ft in the 2024 revision.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for Kuppam Beach Road in the register.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, making the guideline value for Kuppam Beach Road below this median.

• Kumaraguru Colony 4th Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 3rd Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 2nd Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 1st Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony: Rs 7,150 per sq.ft (2024)
• Kumaraguru Bara Street (Bharathi Nagar): Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppam Beach Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuppam Beach Road?

The Sub Registrar Office that covers Kuppam Beach Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Kuppam Beach Road?

The current guideline value of Kuppam Beach Road is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then back to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

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

Several other streets in Thiruvanmiyur have the same guideline value of Rs 7,150 per sq.ft for 2024, including Kumaraguru Colony 1st, 2nd, 3rd, and 4th Streets, as well as Kumaraguru Colony and Kumaraguru Bara Street (Bharathi Nagar).

How is the stamp duty calculated for properties on Kuppam Beach Road?

The stamp duty for properties on Kuppam Beach Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property would incur a stamp duty of Rs 5,00,500 based on the current guideline value.

Where can I find the Sub Registrar Office for Kuppam Beach Road?

The Sub Registrar Office for Kuppam Beach Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.