Guideline Value for Kuppusamy Avenue Road

Kuppusamy Avenue Road guideline value

The current guideline value of Kuppusamy Avenue Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Egmore village under the Periamet SRO, classified as Residential Class I Type - II.

How the guideline value of Kuppusamy Avenue Road has changed

The guideline value for Kuppusamy Avenue Road has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 10,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value dropped to Rs 6,700 per sq.ft, a decrease of 33%. The subsequent revision in 2023 set the value at Rs 10,000 per sq.ft, which was a 49% increase from the previous figure. The latest revision in 2024 has raised the value to Rs 11,000 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that the register has no figures for Kuppusamy Avenue Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Kuppusamy Avenue Road is above this median, indicating a higher valuation compared to many other streets in the area.

• Kuppusamy Naidu Street: Rs 7,100 per sq.ft (2024)
• Kummalamman Koil street: Rs 7,100 per sq.ft (2024)
• Labbai Street: Rs 3,900 per sq.ft (2024)
• Lakshmi Street: Rs 11,000 per sq.ft (2024)
• Laksminarayana Perumal Koil Street: Rs 8,300 per sq.ft (2024)
• Lamech Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Avenue Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost for these charges to Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuppusamy Avenue Road?

Kuppusamy Avenue Road falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. 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 authorities will assess the guideline value to calculate the applicable duties. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kuppusamy Avenue Road?

The current guideline value of Kuppusamy Avenue Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,000 per sq.ft to Rs 11,000 per sq.ft in 2024, marking an overall increase of 450%.

What is the land classification of Kuppusamy Avenue Road?

Kuppusamy Avenue Road is classified as Residential Class I Type - II under the Periamet SRO.

Where can I find the registration office for Kuppusamy Avenue Road?

The registration office for Kuppusamy Avenue Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Kuppusamy Avenue Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 at 7%.