Guideline Value for Kupera Nagar

Kupera Nagar guideline value

The current guideline value for Kupera Nagar, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kupera Nagar has changed

The guideline value for Kupera Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 200 per sq.ft, and it has remained at this level through the 2024 revision, showing no change from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Maakaanyam

In Maakaanyam village, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Kupera Nagar's 2024 guideline value is below this median.

• Mettu Street: Rs 150 per sq.ft (2024)
• Kalyana Perumal Nagar‍‍ I: Rs 400 per sq.ft (2024)
• Kalyana Perumal Nagar: Rs 600 per sq.ft (2024)
• Kallazhagar city: Rs 250 per sq.ft (2024)
• Kalayana Perumal Nagar Extension: Rs 400 per sq.ft (2024)
• MRB Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kupera Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kupera Nagar?

Kupera Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Maakaanyam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

When a property is registered, the guideline value is assessed to ensure that the transaction is in compliance with local regulations. This helps maintain transparency in property dealings and ensures that the correct fees are collected based on the established values.

Frequently asked questions

What is the current guideline value of Kupera Nagar?

The current guideline value of Kupera Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023, which has remained unchanged in 2024.

What are the other streets in Maakaanyam with their guideline values?

Other streets in Maakaanyam include Mettu Street at Rs 150 per sq.ft, Kalyana Perumal Nagar‍‍ I at Rs 400 per sq.ft, Kalyana Perumal Nagar at Rs 600 per sq.ft, Kallazhagar city at Rs 250 per sq.ft, Kalayana Perumal Nagar Extension at Rs 400 per sq.ft, and MRB Nagar at Rs 200 per sq.ft.

What is the stamp duty rate for property in Kupera Nagar?

The stamp duty rate for property transactions in Kupera Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Kupera Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.