Guideline Value

Corporate

Guideline Value for Kuppusamy 2nd Lane

₹3900/sq.ft.

The guideline value for Kuppusamy 2nd Lane in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹567 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹497 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kuppusamy 2nd Lane

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Kuppusamy 2nd Lane guideline value

The current guideline value of Kuppusamy 2nd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kuppusamy 2nd Lane has changed

The guideline value for Kuppusamy 2nd Lane has experienced several revisions over the years. In 2002, the value was Rs 497 per sq.ft, which increased to Rs 567 per sq.ft in 2003. The value saw a significant rise to Rs 900 per sq.ft in 2007, followed by a jump to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017, before increasing again to Rs 3,500 per sq.ft in 2023.

The latest revision in 2024 has set the guideline value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 685%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is the same as the current guideline value for Kuppusamy 2nd Lane.

Stamp duty and registration fee for property in Kuppusamy 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost to Rs 3,51,000. 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 Kuppusamy 2nd Lane?

The Kuppusamy 2nd Lane falls under 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 Adambakkam

The guideline value is an essential factor during property registration in Adambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that transactions are conducted transparently.

Frequently asked questions

What is the current guideline value for Kuppusamy 2nd Lane?

The current guideline value for Kuppusamy 2nd Lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 497 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 685% over this period.

What is the registration office for Kuppusamy 2nd Lane?

The registration office for Kuppusamy 2nd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Kuppusamy 2nd Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at a rate of 7%.

What are the other streets with the same guideline value in Adambakkam?

Other streets in Adambakkam with the same guideline value of Rs 3,900 per sq.ft include Kuppusamy Colony 1st Lane, Kuppusamy Colony Main, Kurinji Street, Kundrakudi Nagar (Nilamangai Nagar), and Kundrakudi Adigalar Nagar (Nilamangai Nagar).