Guideline Value for Kuppam Bharathi street

Kuppam Bharathi street guideline value

The current guideline value of Kuppam Bharathi street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kuppam Bharathi street has changed

The guideline value for Kuppam Bharathi street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 3,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 represents an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is the same as the current guideline value for Kuppam Bharathi street.

• Kuppam Gandhi Nagar 1st Street: Rs 1,700 per sq.ft (2024)
• Kuppam Gandhi Nagar 2nd Street: Rs 1,700 per sq.ft (2024)
• Kuppam Gandhi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kuppam Gandhi Nagar 4th Street: Rs 1,700 per sq.ft (2024)
• Kuppam Road: Rs 4,400 per sq.ft (2024)
• Lakshmana Nagar: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppam Bharathi street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Kuppam Bharathi street?

The Kuppam Bharathi street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in standardizing the costs associated with property transactions, making it easier for buyers and sellers to understand their financial obligations.

Frequently asked questions

What is the current guideline value of Kuppam Bharathi street?

The current guideline value of Kuppam Bharathi street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Kuppam Bharathi street?

Kuppam Bharathi street is classified as Residential Class II Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kuppam Bharathi street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.