Guideline Value for Kuppu Sami Street

Kuppu Sami Street guideline value

The current guideline value of Kuppu Sami Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kuppu Sami Street has changed

The guideline value for Kuppu Sami Street has seen several revisions over the years. In 2002, the value was Rs 287 per sq.ft, which increased to Rs 322 per sq.ft in 2003. The next significant jump occurred in 2007 when the value reached Rs 1,000 per sq.ft. Following that, in 2012, it was recorded at Rs 2,000 per sq.ft, but then it dropped to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years not listed in this register.

Between the revisions, several changes occurred. From 2002 to 2003, the increase was +12%. The value saw a significant rise of +211% from 2003 to 2007. Then, it increased by +100% from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017. The value then rose by +49% from 2017 to 2023, and finally, from 2023 to 2024, it increased by +10%. Overall, the guideline value has increased by +667% from 2002 to 2024.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Kuppu Sami Street's 2024 guideline value is below this median.

• Kuppuswamy Cross Street: Rs 2,200 per sq.ft (2024)
• Kuppu Swamy Nagar: Rs 2,200 per sq.ft (2024)
• Kuppu swamy Street Main: Rs 2,200 per sq.ft (2024)
• K V K Samy street: Rs 2,200 per sq.ft (2024)
• Lakshma Nagar 5th Street Extension: Rs 2,800 per sq.ft (2024)
• Lakshmi Nagar 10th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppu Sami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the 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 Sami Street?

The Sub Registrar Office that covers Kuppu Sami Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Kuppu Sami Street?

The current guideline value of Kuppu Sami Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 287 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +667% over this period.

What is the land classification for Kuppu Sami Street?

Kuppu Sami Street is classified as Residential Class II Type - II, indicating its designation for residential use.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Kuppu Sami Street?

The Alandur Sub Registrar Office handles the registration for Kuppu Sami Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.