Guideline Value for KUPPU NAICKEN PETTAI

Kuppu Naicken Pettai guideline value

The current guideline value of Kuppu Naicken Pettai is Rs 2,160 per sq.ft, effective from 1 July 2024. This area is located in Nemilicherry village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kuppu Naicken Pettai has changed

Over the years, the guideline value of Kuppu Naicken Pettai has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and the most recent 2024 revision has raised it to Rs 2,160 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 is an increase of 8%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, which is the same as the current value for Kuppu Naicken Pettai.

• Kuppan Street: Rs 2,160 per sq.ft (2024)
• Kurathiamman Koil Cross Street: Rs 2,160 per sq.ft (2024)
• Kurathiamman Koil Street: Rs 2,160 per sq.ft (2024)
• Kurinji Nagar: Rs 2,420 per sq.ft (2024)
• Kumarapuram: Rs 2,750 per sq.ft (2024)
• Kumaran Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Naicken Pettai

For a 1,000 sq.ft plot at the current rate of Rs 2,160 per sq.ft, the guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kuppu Naicken Pettai?

The Sub Registrar Office that covers Kuppu Naicken Pettai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nemilicherry. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is considered alongside the sale price to calculate the applicable fees. The higher of the two values is used for this purpose, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Kuppu Naicken Pettai?

The current guideline value of Kuppu Naicken Pettai is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 in 2012 to Rs 1,340 in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,160 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Kuppu Naicken Pettai?

Kuppu Naicken Pettai is classified as Residential Class II Type - I. This classification affects the guideline value and its application in property transactions.

What are the stamp duty and registration fees for a property in Kuppu Naicken Pettai?

For a property valued at Rs 21,60,000, the stamp duty at 7% is Rs 1,51,200, and the registration fee at 2% is Rs 43,200, totaling Rs 1,94,400. Fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kuppu Naicken Pettai located?

The Sub Registrar Office for Kuppu Naicken Pettai is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.