Guideline Value for KUPPUSAMY NAICKAR STREET

Kuppusamy Naickar Street guideline value

The current guideline value of Kuppusamy Naickar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village under the Chennai South Joint I SRO, with a land classification of Residential Class IV Type - III.

How the guideline value of Kuppusamy Naickar Street has changed

The guideline value for Kuppusamy Naickar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for Kuppusamy Naickar Street in the register.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value is Rs 1,660 per sq.ft, indicating that Kuppusamy Naickar Street's 2024 figure is below this median.

• Krishna Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Industries: Rs 1,100 per sq.ft (2024)
• Loganathan Street: Rs 1,100 per sq.ft (2024)
• Madura Sekmaniyam: Rs 1,320 per sq.ft (2024)
• Kanniyappan Naickar Street: Rs 1,660 per sq.ft (2024)
• Kanniyamman Nagar 7th Street: Rs 1,660 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Naickar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppusamy Naickar Street?

Kuppusamy Naickar Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the established guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the financial obligations associated with the purchase or sale. Buyers and sellers should consult the latest guideline values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kuppusamy Naickar Street?

The current guideline value of Kuppusamy Naickar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification of Kuppusamy Naickar Street?

Kuppusamy Naickar Street is classified as Residential Class IV Type - III.

Which office handles registrations for Kuppusamy Naickar Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Kuppusamy Naickar Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Vanagaram?

The median guideline value in Vanagaram is Rs 1,660 per sq.ft, which is higher than the current guideline value of Kuppusamy Naickar Street.