Guideline Value for Kuppusamy Mudali Street Block 85

Kuppusamy Mudali Street Block 85 guideline value

The current guideline value for Kuppusamy Mudali Street Block 85 is Rs 4,100 per sq.ft. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kuppusamy Mudali Street Block 85 has changed

The guideline value for Kuppusamy Mudali Street Block 85 has undergone several revisions since 2007. The 2007 revision set the guideline value at Rs 1,210 per sq.ft, which was a significant increase to Rs 3,750 per sq.ft in the 2012 revision, marking a change of +210%. The most recent revision in 2024 established the current guideline value at Rs 4,100 per sq.ft, reflecting a +9% increase from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +239%. Notably, there are no figures available for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Kuppusamy Mudali Street Block 85's 2024 figure below this median.

• Kunjammal Street(M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Kurunchi Street: Rs 3,300 per sq.ft (2024)
• Kuthadum Pillaiyar Koil Steet: Rs 3,300 per sq.ft (2024)
• Kumarasamy Street: Rs 4,100 per sq.ft (2024)
• Lake Street (Erikkarai Street)(N.P): Rs 3,300 per sq.ft (2024)
• Lakeview Road 2nd Lane (W.M): Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Mudali Street Block 85

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total charges to Rs 3,69,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuppusamy Mudali Street Block 85?

The Sub Registrar Office that covers Kuppusamy Mudali Street Block 85 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the overall transaction cost. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kuppusamy Mudali Street Block 85?

The current guideline value of Kuppusamy Mudali Street Block 85 is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, which is an overall increase of +239%.

What is the land classification for Kuppusamy Mudali Street Block 85?

Kuppusamy Mudali Street Block 85 is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Kuppusamy Mudali Street Block 85?

The Ashok Nagar Sub Registrar Office covers Kuppusamy Mudali Street Block 85, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Kuppusamy Mudali Street Block 85?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 41,00,000 would incur a stamp duty of Rs 2,87,000 at 7%.