Guideline Value for Kuppu Muthu Street

Kuppu Muthu Street guideline value

The current guideline value of Kuppu Muthu Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - I land.

How the guideline value of Kuppu Muthu Street has changed

The guideline value for Kuppu Muthu Street has seen several revisions over the years. In 2007, the value was Rs 2,760 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012. However, this value dropped to Rs 5,360 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 8,000 per sq.ft, and the most recent revision in 2024 set it at Rs 8,800 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The increase from 2007 to 2012 was a remarkable 190%, but the value then decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has risen by 219%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Kuppu Muthu Street's 2024 figure above this median.

• Kumarasamy Street: Rs 6,600 per sq.ft (2024)
• Krishnappa Street, Ch - 2: Rs 7,700 per sq.ft (2024)
• Krishnappa Mudali Street Ch - 5: Rs 5,500 per sq.ft (2024)
• Lal Begum Street: Rs 6,600 per sq.ft (2024)
• Lal Mohammed Cross Street: Rs 6,600 per sq.ft (2024)
• Lal Mohammed Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Muthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total cost for these fees to Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppu Muthu Street?

Kuppu Muthu Street falls under the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014. You can find your SRO for more information.

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

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

When you buy or sell property, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the fees collected are reflective of the property's value as determined by the registration department.

Frequently asked questions

What is the current guideline value of Kuppu Muthu Street?

The current guideline value of Kuppu Muthu Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 2,760 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024. Notably, it increased by 10% from 2023 to 2024.

What are the guideline values of other streets in Triplicane?

Other streets in Triplicane have varying guideline values. For example, Kumarasamy Street is at Rs 6,600 per sq.ft, while Krishnappa Street, Ch - 2 is at Rs 7,700 per sq.ft.

What are the stamp duty and registration fees for property in Kuppu Muthu Street?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kuppu Muthu Street?

The Triplicane Sub Registrar Office handles the registration for Kuppu Muthu Street, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014.