Guideline Value for Kuppusamy Street

Kuppusamy Street guideline value

The current guideline value of Kuppusamy Street in Menambedu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kuppusamy Street has changed

The guideline value for Kuppusamy Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This figure increased to Rs 536 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, reflecting an increase of 87%. The most recent revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Kuppusamy Street in the register for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, which means Kuppusamy Street's 2024 figure is below that median.

• Lakshmi Colony: Rs 1,300 per sq.ft (2024)
• Krishnan Street: Rs 1,700 per sq.ft (2024)
• Lenin Street(gnanamurthy nagar): Rs 1,700 per sq.ft (2024)
• Madhavan Street: Rs 1,700 per sq.ft (2024)
• Madhavi Street: Rs 1,700 per sq.ft (2024)
• Maga Ganapathy Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppusamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020. Therefore, the total cost for stamp duty and registration would be Rs 90,090. 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 Street?

Kuppusamy Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Menambedu. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During registration, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kuppusamy Street?

The current guideline value of Kuppusamy Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 25% over this period.

What is the stamp duty rate for properties in Kuppusamy Street?

The stamp duty rate for properties in Kuppusamy Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What other streets have guideline values in Menambedu?

Other streets in Menambedu include Lakshmi Colony, Krishnan Street, Lenin Street(gnanamurthy nagar), Madhavan Street, Madhavi Street, and Maga Ganapathy Street, with varying guideline values.