Guideline Value for Kuppusamy Nagar Extn

Kuppusamy Nagar Extn guideline value

The current guideline value of Kuppusamy Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Kuppusamy Nagar Extn has changed

The guideline value for Kuppusamy Nagar Extn has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, while the latest 2024 revision has increased it to Rs 2,200 per sq.ft, reflecting a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

From the 2017 to 2024 revision, the increase in guideline value indicates a substantial rise. The 2024 value of Rs 2,200 per sq.ft is an important reference for property transactions in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a guideline value range from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,750 per sq.ft, placing Kuppusamy Nagar Extn's 2024 figure below the median.

• Kuppusamy Nagar: Rs 2,200 per sq.ft (2024)
• Kuppusamy Street: Rs 2,750 per sq.ft (2024)
• Kuppusamy Street Cross: Rs 2,750 per sq.ft (2024)
• Kuppusamy Street/Ramalinga Nagar: Rs 2,750 per sq.ft (2024)
• Kusavan Kulam/Madipakkam Main Road: Rs 5,500 per sq.ft (2024)
• Kuyavan Kuttai: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Nagar Extn

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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kuppusamy Nagar Extn?

Kuppusamy Nagar Extn falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions within Madipakkam-1, as it serves as the basis for calculating stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kuppusamy Nagar Extn?

The current guideline value of Kuppusamy Nagar Extn 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 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an increase of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, with Kuppusamy Nagar Extn's value being below this median at Rs 2,200 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a plot valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where can I find the Sub Registrar Office for Kuppusamy Nagar Extn?

The Velacheri Sub Registrar Office covers Kuppusamy Nagar Extn, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.