Guideline Value for Kupuswamy Nayakar Street

Kupuswamy Nayakar Street guideline value

The current guideline value of Kupuswamy Nayakar Street is Rs 2,001 per sq.ft. This street is located in Gooduvancheri village under the Gooduvancheri SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Kupuswamy Nayakar Street has changed

The guideline value for Kupuswamy Nayakar Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,340 per sq.ft. In the subsequent 2023 revision, the value increased to Rs 2,000 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,001 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value among these streets is Rs 1,500 per sq.ft, placing Kupuswamy Nayakar Street's 2024 figure above this median.

• Kupuswamy Pillai Street: Rs 1,200 per sq.ft (2024)
• Kumaran Nagar: Rs 1,500 per sq.ft (2024)
• Lal Bagadur Sastri Street: Rs 2,001 per sq.ft (2024)
• Krishna Nagar: Rs 1,200 per sq.ft (2024)
• Mahalakshmi Street: Rs 2,001 per sq.ft (2024)
• K.K. Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Kupuswamy Nayakar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, bringing the total to Rs 1,80,090. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kupuswamy Nayakar Street?

The Sub Registrar Office that covers Kupuswamy Nayakar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Gooduvancheri. It serves as the basis for calculating the stamp duty and registration fees that are required to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the Registration Department. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kupuswamy Nayakar Street?

The current guideline value of Kupuswamy Nayakar Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, reflecting a total increase of 49% over this period.

What is the median guideline value in Gooduvancheri?

The median guideline value in Gooduvancheri is Rs 1,500 per sq.ft for the 2024 revision, with Kupuswamy Nayakar Street's value being above this median.

What are the stamp duty rates applicable?

The stamp duty for properties in Kupuswamy Nayakar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.