Guideline Value for KUPPUSAMY NAGAR

Kuppusamy Nagar guideline value

The current guideline value of Kuppusamy Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is part of Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class III Type - III.

How the guideline value of Kuppusamy Nagar has changed

The guideline value for Kuppusamy Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The latest revision in 2024 raised the guideline value to Rs 440 per sq.ft, marking a further increase of 10% 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 there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Kuppusamy Nagar's 2024 guideline value is below this median.

• Kuttam Pall Streets: Rs 750 per sq.ft (2024)
• Lakshman Nagar: Rs 840 per sq.ft (2024)
• Kumaran Garden: Rs 750 per sq.ft (2024)
• Lakshmi Nagar & Streets: Rs 1,400 per sq.ft (2024)
• Lakshminarayan Nagar: Rs 750 per sq.ft (2024)
• Lakshmipathy: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kuppusamy Nagar?

The Sub Registrar Office that covers Kuppusamy Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor when buying or selling property in Thiruninravur-A. It determines the minimum value at which property transactions can be registered, ensuring transparency and compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kuppusamy Nagar?

The current guideline value of Kuppusamy Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The latest revision in 2024 reflects a 10% increase from the 2023 value.

What is the land classification for Kuppusamy Nagar?

Kuppusamy Nagar is classified as Residential Class III Type - III, indicating its suitability for residential purposes.

What are the stamp duty rates in Kuppusamy Nagar?

The stamp duty in Kuppusamy Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kuppusamy Nagar?

The Avadi Sub Registrar Office covers Kuppusamy Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.