Guideline Value for Kuppusamy Nagar & 1 & 2 Street

Kuppusamy Nagar & 1 & 2 Street guideline value

The current guideline value for Kuppusamy Nagar & 1 & 2 Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kuppusamy Nagar & 1 & 2 Street has changed

The guideline value for Kuppusamy Nagar & 1 & 2 Street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, this value decreased by 33% to Rs 3,015 per sq.ft in 2017. The 2023 revision saw another increase to Rs 4,500 per sq.ft, followed by a current value of Rs 4,900 per sq.ft in 2024, reflecting a 9% increase.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Ayanavaram

Ayanavaram comprises 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Kuppusamy Nagar & 1 & 2 Street.

• Kuppusamy Street: Rs 4,900 per sq.ft (2024)
• Kunjitham Gurusamy Street: Rs 4,900 per sq.ft (2024)
• Kumaran Nagar SlumBoard Allotment: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar Ist Street (SlumBoard Allotment): Rs 3,300 per sq.ft (2024)
• Kumaran Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar 3 Rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Nagar & 1 & 2 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kuppusamy Nagar & 1 & 2 Street?

The Sub Registrar Office that covers Kuppusamy Nagar & 1 & 2 Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value for Kuppusamy Nagar & 1 & 2 Street?

The current guideline value for Kuppusamy Nagar & 1 & 2 Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kuppusamy Nagar & 1 & 2 Street is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kuppusamy Nagar & 1 & 2 Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kuppusamy Nagar & 1 & 2 Street?

The land classification for Kuppusamy Nagar & 1 & 2 Street is Residential Class I Type - III.