Guideline Value for Kuppammal Street

Kuppammal Street guideline value

The current guideline value of Kuppammal Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kuppammal Street has changed

The guideline value for Kuppammal Street has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 800 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, bringing the current guideline value to Rs 880 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, positioning Kuppammal Street's 2024 figure above this median.

• Lakeview Street: Rs 880 per sq.ft (2024)
• Kulakkarai Street: Rs 805 per sq.ft (2024)
• Krishtappa Street: Rs 880 per sq.ft (2024)
• Lakshmipathi Street: Rs 805 per sq.ft (2024)
• Krishna Murthi Street: Rs 880 per sq.ft (2024)
• Lotus Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost to Rs 79,200. It is essential to know that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppammal Street?

The Sub Registrar Office that covers Kuppammal Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is transparent and based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Kuppammal Street?

The current guideline value of Kuppammal Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Kuppammal Street?

Kuppammal Street is classified as Residential Class II Type - I under the Ambattur SRO.

Where can I find the Sub Registrar Office for Kuppammal Street?

The Sub Registrar Office for Kuppammal Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kuppammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.