Guideline Value for Kuppuswamy Cross Street

Kuppuswamy Cross Street guideline value

The current guideline value of Kuppuswamy Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kuppuswamy Cross Street has changed

The guideline value for Kuppuswamy Cross Street has undergone several revisions over the years. In 2002, the value was Rs 144 per sq.ft, which increased to Rs 162 per sq.ft in 2003. The value saw a significant rise of 517% to reach Rs 1,000 per sq.ft in 2007. Following this, the value doubled to Rs 2,000 per sq.ft in 2012, but then decreased by 33% to Rs 1,340 per sq.ft in 2017. The value increased by 49% to Rs 2,000 per sq.ft in 2023, and then rose by 10% to the current value of Rs 2,200 per sq.ft in 2024.

There are no figures available for the years not mentioned in this revision history for Kuppuswamy Cross Street. Overall, from 2002 to 2024, the guideline value has increased by 1428%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median of Rs 2,800 per sq.ft. Kuppuswamy Cross Street's 2024 figure is below this median.

• Kuppu Swamy Nagar: Rs 2,200 per sq.ft (2024)
• Kuppu swamy Street Main: Rs 2,200 per sq.ft (2024)
• Kuppu Sami Street: Rs 2,200 per sq.ft (2024)
• K V K Samy street: Rs 2,200 per sq.ft (2024)
• Lakshma Nagar 5th Street Extension: Rs 2,800 per sq.ft (2024)
• Lakshmi Nagar 10th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppuswamy Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppuswamy Cross Street?

The Sub Registrar Office that covers Kuppuswamy Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Ullagaram. It is the benchmark value set by the government for the purpose of calculating stamp duty and registration fees. When buying or selling property, the guideline value is used to determine the fees payable, ensuring that both parties are aware of the costs involved.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a value that reflects the official pricing set by the government.

Frequently asked questions

What is the current guideline value of Kuppuswamy Cross Street?

The current guideline value of Kuppuswamy Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 144 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1428% over the years.

What is the land classification for Kuppuswamy Cross Street?

Kuppuswamy Cross Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office for Kuppuswamy Cross Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.