Guideline Value for Kuppuswamy Nagar

Kuppuswamy Nagar guideline value

The current guideline value of Kuppuswamy Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Kuppuswamy Nagar has changed

The guideline value for Kuppuswamy Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,300 per sq.ft, reflecting an 8% change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with the median value being Rs 1,300 per sq.ft. Kuppuswamy Nagar's 2024 guideline value matches this median.

• KonRajankuppam Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Mahathama Gandhi Street: Rs 1,300 per sq.ft (2024)
• Kasthuri (Bai) Nagar: Rs 3,100 per sq.ft (2024)
• Manthoppu Salai: Rs 1,700 per sq.ft (2024)
• Masilamani Nagar: Rs 1,300 per sq.ft (2024)
• Mel Ayanambakkam Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppuswamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that 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 Kuppuswamy Nagar?

Kuppuswamy Nagar falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor in the registration process for property transactions in 44.Ayanambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in establishing a fair price for the transaction while ensuring compliance with the regulatory requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kuppuswamy Nagar?

The current guideline value of Kuppuswamy Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and now to Rs 1,300 per sq.ft in 2024, marking a total increase of 62% from 2017 to 2024.

What factors influence the guideline value?

The guideline value is influenced by various factors, including land classification and the median values of surrounding streets. For Kuppuswamy Nagar, it is classified as Residential Class II Type - I.

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

The Konnur Sub Registrar Office covers Kuppuswamy Nagar, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Kuppuswamy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7% and a registration fee of Rs 26,000 at 2%.