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 located in Thiruninravur-B 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 seen significant changes over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 440 per sq.ft, reflecting 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 Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Kuppusamy Nagar's 2024 figure below that median.

• Kuttam Pall Streets: Rs 770 per sq.ft (2024)
• Lakshman Nagar: Rs 870 per sq.ft (2024)
• Kumaran Garden: Rs 770 per sq.ft (2024)
• Lakshmi Nagar & Streets: Rs 1,400 per sq.ft (2024)
• Lakshminarayan Nagar: Rs 820 per sq.ft (2024)
• Lakshmipathy: Rs 770 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 at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppusamy Nagar?

Kuppusamy Nagar is covered by 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to determine the legal and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Kuppusamy Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600 for these fees.

Which Sub Registrar Office covers Kuppusamy Nagar?

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

What is the land classification of Kuppusamy Nagar?

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