Guideline Value for Kuppam Gandhi Nagar 3rd Street

Kuppam Gandhi Nagar 3rd Street guideline value

The current guideline value of Kuppam Gandhi Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Kuppam Gandhi Nagar 3rd Street has changed

The guideline value for Kuppam Gandhi Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value saw a significant increase in the following revisions, with the 2023 figure rising to Rs 3,000 per sq.ft, and then to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 3,900 per sq.ft, which means that Kuppam Gandhi Nagar 3rd Street's 2024 figure is below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty is charged at 7%, which totals Rs 2,31,000, and the registration fee is 2%, amounting to Rs 66,000. Therefore, the total cost for these fees would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuppam Gandhi Nagar 3rd Street?

The Kuppam Gandhi Nagar 3rd Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the total costs involved. It is crucial to be aware of the current guideline value to ensure accurate financial planning during the registration process.

Frequently asked questions

What is the current guideline value of Kuppam Gandhi Nagar 3rd Street?

The current guideline value of Kuppam Gandhi Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, showing a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, reflecting various changes over the years.

What is the land classification for Kuppam Gandhi Nagar 3rd Street?

Kuppam Gandhi Nagar 3rd Street is classified as Residential Class III Type - I, which indicates its residential purpose within the area.

Where can I find the Sub Registrar Office for Kuppam Gandhi Nagar 3rd Street?

The Sub Registrar Office for Kuppam Gandhi Nagar 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kuppam Gandhi Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000.