Guideline Value for Kuppusamy Nagar

Kuppusamy Nagar guideline value

The current guideline value of Kuppusamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is part of Sevilimadu - A under the Kanchipuram Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Kuppusamy Nagar has changed

The guideline value for Kuppusamy Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which aligns with Kuppusamy Nagar's current figure.

• Kumarakottam Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Nagar Extension: Rs 875 per sq.ft (2024)
• Krishna Nagar: Rs 875 per sq.ft (2024)
• Kanniyamma Nagar: Rs 800 per sq.ft (2024)
• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• M.K.N. Nagar: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppusamy Nagar?

Kuppusamy Nagar falls under the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor when registering property transactions in Sevilimadu - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the transaction process.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kuppusamy Nagar?

The current guideline value of Kuppusamy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What are the other streets in Sevilimadu - A?

Other streets in Sevilimadu - A include Kumarakottam Nagar, Krishna Nagar Extension, Krishna Nagar, Kanniyamma Nagar, Kamatchi Nagar, and M.K.N. Nagar, with varying guideline values for 2024.

What is the registration fee for property in Kuppusamy Nagar?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 11,00,000, the registration fee would be Rs 22,000 at a rate of 2%.

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

The Sub Registrar Office covering Kuppusamy Nagar is the Kanchipuram Joint II SRO, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.