Guideline Value for Kuppusamy Nayakkar Street

Kuppusamy Nayakkar Street guideline value

The current guideline value of Kuppusamy Nayakkar Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO and is classified as Residential Special Type - III.

How the guideline value of Kuppusamy Nayakkar Street has changed

The guideline value for Kuppusamy Nayakkar Street has undergone several revisions over the years. In 2012, the value was Rs 2,600 per sq.ft, which decreased to Rs 1,742 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,600 per sq.ft in 2023, and then to Rs 2,860 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value saw a substantial increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, indicating that Kuppusamy Nayakkar Street's 2024 figure is below that median.

• Kuppusamy Street (Highways): Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Malligai Street: Rs 2,860 per sq.ft (2024)
• Kurinji nagar Roja Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Thamarai Street: Rs 2,860 per sq.ft (2024)
• Kunkumam Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 3rd Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Nayakkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. It is important to note that the 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 Nayakkar Street?

The Sub Registrar Office that covers Kuppusamy Nayakkar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kuppusamy Nayakkar Street?

The current guideline value of Kuppusamy Nayakkar Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, a 10% increase. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Kuppusamy Nayakkar Street?

Kuppusamy Nayakkar Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property on this street?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200, and the registration fee would be Rs 57,200, totaling Rs 2,57,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kuppusamy Nayakkar Street?

The Kunrathur Sub Registrar Office covers Kuppusamy Nayakkar Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.