Guideline Value for Kuppu Naickenpettai

Kuppu Naickenpettai guideline value

The current guideline value of Kuppu Naickenpettai is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Hastinapuram village under the Pallavaram SRO and is classified as Mixed Type - II land.

How the guideline value of Kuppu Naickenpettai has changed

The guideline value for Kuppu Naickenpettai has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 775%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 3,850 per sq.ft in 2024, representing a 10% rise.

There are no guideline value figures available for the years 2002 and 2003 for Kuppu Naickenpettai. Overall, from 2007 to 2024, the guideline value has increased by 863%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 2,970 per sq.ft, making Kuppu Naickenpettai's 2024 figure above the median.

• Kumaran Kundram Main Road: Rs 1,650 per sq.ft (2024)
• Lake view Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Manickam Street: Rs 3,300 per sq.ft (2024)
• Krishna Nagar 4th Cross Street: Rs 3,850 per sq.ft (2024)
• Krishna Nagar 3rd Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Naickenpettai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kuppu Naickenpettai?

The Sub Registrar Office that covers Kuppu Naickenpettai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the stamp duty and registration fees required during the transaction.

Frequently asked questions

What is the current guideline value of Kuppu Naickenpettai?

The current guideline value of Kuppu Naickenpettai is Rs 3,850 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 400 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, which is an overall increase of 863%.

What is the median guideline value in Hastinapuram?

The median guideline value in Hastinapuram is Rs 2,970 per sq.ft, with Kuppu Naickenpettai's current value being above this median.

Where is the Sub Registrar Office for Kuppu Naickenpettai located?

The Sub Registrar Office for Kuppu Naickenpettai is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated in Kuppu Naickenpettai?

Stamp duty in Kuppu Naickenpettai is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total guideline value would be Rs 38,50,000, resulting in a stamp duty of Rs 2,69,500.