Guideline Value for Kuppusamy Nagar

Kuppusamy Nagar guideline value

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

How the guideline value of Kuppusamy Nagar has changed

The guideline value for Kuppusamy Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. This figure increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64% from the previous revision.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only revisions with recorded figures are from 2017 and 2024.

Guideline values in Madipakkam-1

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

• Kuppusamy Nagar Extn: 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

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, bringing the total cost together to Rs 1,98,000. 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?

The Sub Registrar Office that covers Kuppusamy Nagar is 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 in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kuppusamy Nagar?

The current guideline value of Kuppusamy Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a change 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 based on the 2024 figures. Kuppusamy Nagar's guideline value is below this median.

What are the stamp duty and registration fees for a property in Kuppusamy Nagar?

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. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Kuppusamy Nagar?

The Velacheri Sub Registrar Office handles registrations for Kuppusamy Nagar. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.