Guideline Value for Kupusamy Street

Kupusamy Street guideline value

The current guideline value of Kupusamy Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kupusamy Street has changed

Over the years, the guideline value for Kupusamy Street has seen several revisions. The most recent revision in 2024 set the value at Rs 3,600 per sq.ft, which is an increase from Rs 3,300 per sq.ft in 2023, marking a change of +9%. In the previous revisions, the value was Rs 2,211 per sq.ft in 2017, showing a significant increase of +49% to reach the 2023 figure. The guideline value was Rs 3,300 per sq.ft in 2012, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +9%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft, which is equal to the guideline value of Kupusamy Street. Below are other streets in Ambattur:

• Kumarasamy Nagar: Rs 4,000 per sq.ft (2024)
• Kumarasamy Muthali Street: Rs 4,000 per sq.ft (2024)
• Lakshmanapuram: Rs 2,200 per sq.ft (2024)
• K.S.R.nagar: Rs 5,100 per sq.ft (2024)
• KrishnaThirai Arangam Street: Rs 3,600 per sq.ft (2024)
• Krishnasamy masthri Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kupusamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the 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 Kupusamy Street?

The Sub Registrar Office that covers Kupusamy Street is 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 information.

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

The guideline value is a critical factor when registering property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Kupusamy Street?

The current guideline value of Kupusamy Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, a change of +9%. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012, showing significant fluctuations over the years.

What are the stamp duty and registration fees for property in Kupusamy Street?

For a 1,000 sq.ft plot at the guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which Sub Registrar Office covers Kupusamy Street?

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

What is the land classification of Kupusamy Street?

Kupusamy Street is classified as Residential Class I Type - I, indicating its designation for residential purposes under local regulations.