Guideline Value for Kupuswamy Pillai Street

Kupuswamy Pillai Street guideline value

The current guideline value of Kupuswamy Pillai Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kupuswamy Pillai Street has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure saw a significant increase in the 2023 revision, where it remained at Rs 1,200 per sq.ft, marking a 49% increase from the 2017 value. The 2024 revision also maintains this value at Rs 1,200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Kupuswamy Pillai 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 for these streets is Rs 1,500 per sq.ft, placing Kupuswamy Pillai Street's 2024 figure below that median.

• Kupuswamy Nayakar Street: Rs 2,001 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)
• Maharaja Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kupuswamy Pillai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Kupuswamy Pillai Street?

The Sub Registrar Office that covers Kupuswamy Pillai Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kupuswamy Pillai Street?

The current guideline value of Kupuswamy Pillai Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Kupuswamy Pillai Street?

Kupuswamy Pillai Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for this street?

The registration office for Kupuswamy Pillai Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gooduvancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft would incur a total stamp duty and registration fee of Rs 1,08,000.