Guideline Value for KUPPAM ROAD

Kuppam Road guideline value

The current guideline value of Kuppam Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Kuppam Road has changed

The guideline value for Kuppam Road has seen significant changes over the years. Starting from Rs 232 per sq.ft in 2003, it increased to Rs 750 per sq.ft in 2007, marking a substantial rise of 223%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a 167% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, followed by a rise to the current value of Rs 2,200 per sq.ft in 2024, representing a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 848%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Kuppam Road's 2024 figure at this median level.

• Kutbi Complex & Avenue: Rs 4,500 per sq.ft (2024)
• Kulmohar Beach Avenue: Rs 2,200 per sq.ft (2024)
• Krishna Viruthigai: Rs 2,200 per sq.ft (2024)
• KOHINOOR COMPLEX 3rd CROSS SALAI: Rs 3,900 per sq.ft (2024)
• KOHINOOR COMPLEX 2nd CROSS SALAI: Rs 3,900 per sq.ft (2024)
• KOHINOOR COMPLEX 1st CROSS SALAI: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuppam Road?

The Sub Registrar Office that covers Kuppam Road is 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the negotiated sale price.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kuppam Road?

The current guideline value of Kuppam Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 232 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 848% over the years.

What is the land classification of Kuppam Road?

Kuppam Road is classified as Residential Class III Type - I under the Neelankarai SRO.

What are the stamp duty and registration fees for Kuppam Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

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

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