Guideline Value for Kuppusamy Street (Highways)

Kuppusamy Street (Highways) guideline value

The current guideline value of Kuppusamy Street (Highways) is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kuppusamy Street (Highways) has changed

The guideline value for Kuppusamy Street (Highways) has seen several revisions over the years. The 2012 revision set the value at Rs 2,600 per sq.ft. This figure was reduced to Rs 1,742 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value rebounded significantly in the 2023 revision to Rs 2,600 per sq.ft, an increase of 49%. The most recent revision in 2024 has further raised the guideline value to Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. Kuppusamy Street (Highways) is below this median value.

• Kuppusamy Nayakkar Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Malligai Street: Rs 2,860 per sq.ft (2024)
• Kurinji nagar Roja Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Thamarai Street: Rs 2,860 per sq.ft (2024)
• Kunkumam Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 3rd Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Street (Highways)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total charges to Rs 2,57,400. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Kuppusamy Street (Highways)?

The Sub Registrar Office that covers Kuppusamy Street (Highways) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps to ascertain the financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Kuppusamy Street (Highways)?

The current guideline value of Kuppusamy Street (Highways) is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012.

What is the land classification of Kuppusamy Street (Highways)?

The land classification for Kuppusamy Street (Highways) is Residential Special Type - III.

What is the stamp duty rate for property in Kuppusamy Street (Highways)?

The stamp duty rate for property transactions in Kuppusamy Street (Highways) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.