Guideline Value for Kuppu Chetty Street (Kuppa Chetty Street)

Kuppu Chetty Street (Kuppa Chetty Street) guideline value

The current guideline value of Kuppu Chetty Street (Kuppa Chetty Street) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Kuppu Chetty Street (Kuppa Chetty Street) has changed

The guideline value for Kuppu Chetty Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. Following this, the 2024 revision increased the value to Rs 1,300 per sq.ft, marking an increase of 8% from the previous figure.

There are no figures available for the revisions in the years 2023, 2017, 2007, 2003, and 2002 for Kuppu Chetty Street. Therefore, the only revisions with recorded values are from 2012 and 2024.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that Kuppu Chetty Street's current value is below this median.

• Kuppu Lane: Rs 1,300 per sq.ft (2024)
• Kuresan Street: Rs 2,700 per sq.ft (2024)
• Kumaresan Street: Rs 1,300 per sq.ft (2024)
• Kumarasamy Lane: Rs 1,300 per sq.ft (2024)
• Kumarappan Street: Rs 1,300 per sq.ft (2024)
• K.V.K. Swamy street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Chetty Street (Kuppa Chetty Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It's important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kuppu Chetty Street (Kuppa Chetty Street)?

The Sub Registrar Office that covers Kuppu Chetty Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value. This helps maintain transparency in property dealings and ensures compliance with state regulations.

Frequently asked questions

What is the current guideline value of Kuppu Chetty Street?

The current guideline value of Kuppu Chetty Street (Kuppa Chetty Street) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kuppu Chetty Street increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft. Kuppu Chetty Street's current value is below this median.

What are the stamp duty and registration fees for properties in Kuppu Chetty Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kuppu Chetty Street located?

The Royapuram Sub Registrar Office, which covers Kuppu Chetty Street, is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.