Guideline Value for KUPPU REDDY NAGAR 'GOVINDASAMY STREET'

Kuppu Reddy Nagar 'govindasamy Street' guideline value

The current guideline value of Kuppu Reddy Nagar 'govindasamy Street' is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Kuppu Reddy Nagar 'govindasamy Street' has changed

The guideline value for Kuppu Reddy Nagar 'govindasamy Street' has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to the 2024 revision, the guideline value increased significantly by 64%, bringing it to the current rate of Rs 3,300 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Korattur

In Korattur village, there are 617 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, indicating that Kuppu Reddy Nagar 'govindasamy Street' is above this median.

• Kuppu Reddy Nagar 'govinda Reddy Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'janakiraman Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'devadoss Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'nagammal Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar 'reddy Street': Rs 3,300 per sq.ft (2024)
• Kuppu Reddy Nagar / Streets (K.R Nagar): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Reddy Nagar 'govindasamy Street'

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Kuppu Reddy Nagar 'govindasamy Street'?

The Kuppu Reddy Nagar 'govindasamy Street' is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is crucial during the registration process of property transactions in Korattur. It determines the minimum value at which a property can be registered, ensuring that stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kuppu Reddy Nagar 'govindasamy Street'?

The current guideline value of Kuppu Reddy Nagar 'govindasamy Street' is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Kuppu Reddy Nagar 'govindasamy Street'?

The land classification for Kuppu Reddy Nagar 'govindasamy Street' is Residential Special Type - III.

What is the registration office for Kuppu Reddy Nagar 'govindasamy Street'?

The registration office covering Kuppu Reddy Nagar 'govindasamy Street' is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kuppu Reddy Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.