Guideline Value for KUMAR AVENUE

Kumar Avenue guideline value

The current guideline value of Kumar Avenue is Rs 6,050 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Mixed Type - III.

How the guideline value of Kumar Avenue has changed

Historically, the guideline value for Kumar Avenue has seen several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 5,500 per sq.ft, which increased to Rs 6,050 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the aforementioned years. The 2024 revision reflects a significant increase compared to the previous year, indicating a notable adjustment in the guideline value for this street.

Guideline values in Tambaram

Kumar Avenue's guideline value of Rs 6,050 per sq.ft is above the median value of Rs 3,300 per sq.ft for the 360 streets in Tambaram under the Tambaram Joint 1 SRO, which range from Rs 880 to Rs 8,250 per sq.ft.

• Kumaran Nagar: Rs 2,200 per sq.ft (2024)
• Kurinchi Nagar: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar 1st St: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar 2nd St: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar 3rd St: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar 4th St: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kumar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 6,050 per sq.ft, the total guideline value would be Rs 60,50,000. The stamp duty at 7% would amount to Rs 4,23,500, while the registration fee at 2% would be Rs 1,21,000. Together, the total cost for these fees would be Rs 5,44,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumar Avenue?

The Sub Registrar Office that covers Kumar Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Kumar Avenue?

The current guideline value of Kumar Avenue is Rs 6,050 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 5,500 per sq.ft in 2023 to Rs 6,050 per sq.ft in 2024, reflecting a change of +10%.

What is the land classification for Kumar Avenue?

Kumar Avenue is classified as Mixed Type - III, which indicates the type of development and usage permitted in the area.

Where is the Tambaram Joint 1 SRO located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kumar Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 60,50,000, the stamp duty would be Rs 4,23,500 at 7%.