Guideline Value for KUPPAN STREET (GRAMA NEDUNCHALAI 31TH CROSS STREET)

Kuppan Street (Grama Nedunchalai 31th Cross Street) guideline value

The current guideline value of Kuppan Street (Grama Nedunchalai 31th Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Kuppan Street (Grama Nedunchalai 31th Cross Street) has changed

The guideline value for Kuppan Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, and Kuppan Street's 2024 figure aligns with this median.

• Kumaraswamy Nagar: Rs 3,900 per sq.ft (2024)
• Kumarasamy 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 3rd Main Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 2nd Main Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppan Street (Grama Nedunchalai 31th Cross Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Kuppan Street (Grama Nedunchalai 31th Cross Street)?

The Sub Registrar Office that covers Kuppan Street 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 online for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is an essential factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

It is crucial for buyers and sellers to understand the guideline value, as it influences the overall cost of property transactions. This value is set by the registration department and is periodically revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Kuppan Street?

The current guideline value of Kuppan Street (Grama Nedunchalai 31th Cross Street) 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 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall change of 64% over this period.

What is the land classification of Kuppan Street?

Kuppan Street (Grama Nedunchalai 31th Cross Street) is classified as Residential Class II Type - III.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Kuppan Street, 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 Kuppan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.