Guideline Value for Kuppusamy Dasan 1st Street

Kuppusamy Dasan 1st Street guideline value

The current guideline value of Kuppusamy Dasan 1st Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village under the Madhavaram SRO, classified as Residential Class IV Type - I.

How the guideline value of Kuppusamy Dasan 1st Street has changed

Over the years, the guideline value for Kuppusamy Dasan 1st Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the Rs 1,340 per sq.ft recorded in the 2017 revision. The guideline value then increased to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO, with guideline values for 2024 ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value is Rs 2,500 per sq.ft, placing Kuppusamy Dasan 1st Street's 2024 figure below this median.

• Kuppusamy Dasan Street: Rs 2,200 per sq.ft (2024)
• Kunjidham Guruswamy Street: Rs 1,900 per sq.ft (2024)
• Kumaran Street: Rs 2,500 per sq.ft (2024)
• Lakshmi Amman 1st Street: Rs 3,000 per sq.ft (2024)
• Lakshmi Amman 2nd Street: Rs 3,000 per sq.ft (2024)
• Lakshmi Amman 3rd Street: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Dasan 1st 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, resulting in a total of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kuppusamy Dasan 1st Street?

The Kuppusamy Dasan 1st Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Erukancherry. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is documented at a value that reflects the current market conditions as per the government regulations. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kuppusamy Dasan 1st Street?

The current guideline value of Kuppusamy Dasan 1st 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 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. It saw a decrease in the 2017 revision and then an increase in subsequent revisions.

What are the stamp duty and registration fees for properties on this 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 Sub Registrar Office handles Kuppusamy Dasan 1st Street?

The Madhavaram Sub Registrar Office handles Kuppusamy Dasan 1st Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Kuppusamy Dasan 1st Street?

Kuppusamy Dasan 1st Street is classified as Residential Class IV Type - I according to the guidelines set by the authorities.