Guideline Value for Kuppam Road

Kuppam Road guideline value

The current guideline value of Kuppam Road in Kottivakkam village, under the Adayar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kuppam Road has changed

Over the years, the guideline value of Kuppam Road has seen significant changes. The earliest recorded revision was in 2002, with a guideline value of Rs 533 per sq.ft. This increased to Rs 634 per sq.ft in 2003, marking a 19% rise. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, which was a 97% increase from the previous year. In 2012, the guideline value was Rs 4,000 per sq.ft, reflecting a decrease of 33% compared to 2007. The value then rose to Rs 2,680 per sq.ft in 2017, a 49% increase from the 2012 figure. The most recent revision in 2023 set the value at Rs 4,000 per sq.ft, before the current value of Rs 4,400 per sq.ft was established in 2024, showing a 10% increase from the previous year.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing Kuppam Road's current value above this median.

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

Stamp duty and registration fee for property in Kuppam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kuppam Road?

The Sub Registrar Office that covers Kuppam Road is 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 a crucial factor in property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kuppam Road?

The current guideline value of Kuppam Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 533 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 726% over the years.

What are the stamp duty and registration fees for property in Kuppam Road?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Kuppam Road?

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

What is the land classification of Kuppam Road?

Kuppam Road is classified as Residential Class I Type - I, indicating its designation for residential purposes within the area.