Guideline Value for Power Kuppam

Power Kuppam guideline value

The current guideline value of Power Kuppam is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Power Kuppam has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 sees the value further increased to Rs 1,300 per sq.ft, which is an 8% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. This reflects the changes over the years, emphasizing the upward trend in the guideline value per sq.ft for Power Kuppam.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Power Kuppam's 2024 figure below this median.

• P.P.Amman Koil (East): Rs 1,300 per sq.ft (2024)
• Poongavanam Kuppam: Rs 1,300 per sq.ft (2024)
• Poondi Thangammal Street: Rs 1,600 per sq.ft (2024)
• Ponnuswamy Street: Rs 1,600 per sq.ft (2024)
• Pumping Station Road: Rs 2,200 per sq.ft (2024)
• Punitha Savier Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Power Kuppam

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty is charged at 7%, totaling Rs 91,000, and the registration fee is 2%, amounting to Rs 26,000. Together, the total cost for these fees would be Rs 1,17,000. 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 Power Kuppam?

The Sub Registrar Office that covers Power Kuppam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Tondaiarpet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Power Kuppam?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking a total increase of 62% over these years.

What are the stamp duty and registration fees in Power Kuppam?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property with a guideline value of Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Which office handles registrations for Power Kuppam?

The Royapuram Sub Registrar Office handles registrations for Power Kuppam, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How does the guideline value affect property transactions?

The guideline value sets the minimum registration price for properties, which affects the stamp duty and registration fees. It is essential for both buyers and sellers to understand this value to ensure compliance during property transactions.