Guideline Value for Kuppu Mudali Street

Kuppu Mudali Street guideline value

The current guideline value of Kuppu Mudali Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kuppu Mudali Street has changed

The guideline value for Kuppu Mudali Street has remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. The previous revision in 2017 recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of 49% to the current value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting a consistent valuation since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. Kuppu Mudali Street's 2024 figure is equal to this median.

• Kuya Street: Rs 1,200 per sq.ft (2024)
• Lake View Gardens: Rs 700 per sq.ft (2024)
• Kulasekara Perumal Street: Rs 1,000 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Lancor: Rs 700 per sq.ft (2024)
• Le Waterina Resorts: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Mudali Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Kuppu Mudali Street?

The Sub Registrar Office that covers Kuppu Mudali Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This ensures that all transactions are recorded accurately and transparently, reflecting the true value of the property in the market.

Frequently asked questions

What is the current guideline value of Kuppu Mudali Street?

The current guideline value of Kuppu Mudali Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where can I find the Sub Registrar Office for Kuppu Mudali Street?

The Sub Registrar Office for Kuppu Mudali Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, impacting the calculation of stamp duty and registration fees. It ensures transparency and accuracy in property transactions within the region.