Guideline Value for Kuppusamy Colony Main

Kuppusamy Colony Main guideline value

The current guideline value of Kuppusamy Colony Main is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Kuppusamy Colony Main has changed

The guideline value for Kuppusamy Colony Main has undergone several revisions over the years. In 2003, the guideline value was Rs 567 per sq.ft, which increased to Rs 900 per sq.ft in 2007. The value saw a significant rise of 289% to reach Rs 3,500 per sq.ft in 2012. However, it then dropped by 33% to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent 2024 revision increased it by 11% to Rs 3,900 per sq.ft.

Overall, from 2003 to 2024, the guideline value has increased by 588%. The register has no figure for the year 2002 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Kuppusamy Colony Main.

• Kuppusamy Colony 1st Lane: Rs 3,900 per sq.ft (2024)
• Kuppusamy 2nd Lane: Rs 3,900 per sq.ft (2024)
• Kurinji Street: Rs 3,900 per sq.ft (2024)
• Kundrakudi Nagar (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)
• Kundrakudi Nagar (Neruppu Medai) (Indira Gandhi School way): Rs 4,400 per sq.ft (2024)
• Kundrakudi Adigalar Nagar (Nilamangai Nagar): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Colony Main

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total charges Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kuppusamy Colony Main?

The Kuppusamy Colony Main is covered by 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 a crucial factor during the registration of property transactions. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in Adambakkam, the guideline value helps to determine the minimum price at which a property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kuppusamy Colony Main?

The current guideline value of Kuppusamy Colony Main 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 567 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 588% over this period.

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 2nd Lane, Kurinji Street, Kundrakudi Nagar (Nilamangai Nagar), and Kundrakudi Adigalar Nagar (Nilamangai Nagar).

What are the stamp duty and registration fees for property in Kuppusamy Colony Main?

For a 1,000 sq.ft property at the guideline value of Rs 3,900 per sq.ft, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Kuppusamy Colony Main?

The registration for Kuppusamy Colony Main is handled by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.