Guideline Value for Kuppusamy Street

Kuppusamy Street guideline value

The current guideline value of Kuppusamy Street in Ayanavaram village, under the AnnaNagar SRO, is Rs 4,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Kuppusamy Street has changed

The guideline value of Kuppusamy Street has seen several revisions over the years. In 2002, the value was Rs 467 per sq.ft, which increased to Rs 797 per sq.ft in 2003, marking a rise of 71%. The value then rose significantly to Rs 1,200 per sq.ft in 2007, reflecting a 51% increase. Following this, the value jumped to Rs 4,500 per sq.ft in 2012, a substantial increase of 275%. However, it decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, followed by the current revision to Rs 4,900 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 949%. The register has no figure for Kuppusamy Street for the years not mentioned in the revisions.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Kuppusamy Street.

• Kuppusamy Nagar & 1 & 2 Street: Rs 4,900 per sq.ft (2024)
• Kunjitham Gurusamy Street: Rs 4,900 per sq.ft (2024)
• Kumaran Nagar SlumBoard Allotment: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar Ist Street (SlumBoard Allotment): Rs 3,300 per sq.ft (2024)
• Kumaran Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar 3 Rd Street: Rs 4,400 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 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kuppusamy Street?

The Kuppusamy Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayanavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers must consider this value when negotiating sale prices.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kuppusamy Street?

The current guideline value of Kuppusamy Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 467 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 949% over the years.

What is the land classification for Kuppusamy Street?

Kuppusamy Street falls under the Residential Class I Type - III land classification.

What are the stamp duty and registration fees for Kuppusamy Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for Kuppusamy Street?

The AnnaNagar Sub Registrar Office handles registrations for Kuppusamy Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.