Guideline Value for KUPPU STREET

Kuppu Street guideline value

The current guideline value of Kuppu Street, located in Kanchipuram Town village, is Rs 2,200 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class I Type - III land classification, managed by the Kanchipuram Joint I SRO.

How the guideline value of Kuppu Street has changed

Over the years, the guideline value for Kuppu Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it was reduced to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision has further increased the guideline value to Rs 2,200 per sq.ft, a growth of 10% from the previous year.

It is important to note that there are no figures available for Kuppu Street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Kuppu Street's 2024 figure above this median.

• Kullappan Street: Rs 1,100 per sq.ft (2024)
• Lingappa Iyer Street (Or) Lingappan Street: Rs 1,980 per sq.ft (2024)
• Kollachathiram Street: Rs 1,650 per sq.ft (2024)
• Maligai Street (Or) Maligai Chetti Street: Rs 1,100 per sq.ft (2024)
• Karpagapillaiyar Kovil Street: Rs 1,650 per sq.ft (2024)
• Kanagasubbrayar Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, resulting in a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuppu Street?

Kuppu Street falls under the jurisdiction of the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kanchipuram Town. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

Additionally, the guideline value helps in establishing a legal framework for property transactions, providing a standardized value that can be referred to during the registration process. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kuppu Street?

The current guideline value of Kuppu 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Kuppu Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which Sub Registrar Office covers Kuppu Street?

Kuppu Street is covered by the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502.

What is the range of guideline values in Kanchipuram Town?

The guideline values in Kanchipuram Town range from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,650 per sq.ft.