Guideline Value for KUPPUSAMY NAIDU STREET(VALAYALKARA STREET)

Kuppusamy Naidu Street(Valayalkara Street) guideline value

The current guideline value of Kuppusamy Naidu Street(Valayalkara Street) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Kuppusamy Naidu Street(Valayalkara Street) has changed

The guideline value for Kuppusamy Naidu Street(Valayalkara Street) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,750 per sq.ft, marking a 10% rise from the previous year’s figure.

It is important to note that the register has no figure for Kuppusamy Naidu Street(Valayalkara Street) for the years 2002, 2003, and 2007. Thus, the first recorded value for this street is from 2012.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kuppusamy Naidu Street(Valayalkara Street) above this median.

• Kolunthuyamman Kovil Street: Rs 3,850 per sq.ft (2024)
• Kesavanar Street: Rs 1,980 per sq.ft (2024)
• Malaimedu Ward -4: Rs 1,650 per sq.ft (2024)
• Malai Street: Rs 1,650 per sq.ft (2024)
• Kavarai Street Ward-4: Rs 1,980 per sq.ft (2024)
• Malai Street Veerapathinar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Naidu Street(Valayalkara Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% amounts to Rs 55,000. Thus, the total cost for stamp duty and registration would be Rs 2,47,500. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppusamy Naidu Street(Valayalkara Street)?

The Sub Registrar Office that covers Kuppusamy Naidu Street(Valayalkara Street) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a critical factor during the registration process of property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kuppusamy Naidu Street(Valayalkara Street)?

The current guideline value of Kuppusamy Naidu Street(Valayalkara Street) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% rise. The value also increased significantly from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023.

What is the land classification for Kuppusamy Naidu Street(Valayalkara Street)?

Kuppusamy Naidu Street(Valayalkara Street) is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint II Sub Registrar Office covers Kuppusamy Naidu Street(Valayalkara Street) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.