Guideline Value for KUMAR NAGAR PART - VI (SRIDHAR AVENUE)

Kumar Nagar Part - VI (Sridhar Avenue) guideline value

The current guideline value of Kumar Nagar Part - VI (Sridhar Avenue) is Rs 600 per sq.ft. This property is located in Sholavaram village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kumar Nagar Part - VI (Sridhar Avenue) has changed

The guideline value for Kumar Nagar Part - VI (Sridhar Avenue) has undergone revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft. In the subsequent 2023 revision, this value increased to Rs 600 per sq.ft, reflecting a change of +49% from the previous revision.

There are no figures available for the years 2024, 2012, 2007, 2003, and 2002 in the register for this street.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets listed under the Redhills SRO that carry a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft, with a median value of Rs 660 per sq.ft. Kumar Nagar Part - VI (Sridhar Avenue) is currently valued at Rs 600 per sq.ft.

• KUMARAN NAGAR PART VI Extn (SRIDHAR AVENUE): Rs 1,165 per sq.ft (2024)
• K.V.G.Avenue: Rs 770 per sq.ft (2024)
• K.V.G. Avenue Extension: Rs 515 per sq.ft (2024)
• K.V.G.Square: Rs 710 per sq.ft (2024)
• K.V.T. Avenue: Rs 770 per sq.ft (2024)
• K.V.T. AVENUE Extn: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kumar Nagar Part - VI (Sridhar Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. It is important to note that the 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 Nagar Part - VI (Sridhar Avenue)?

The Sub Registrar Office that covers Kumar Nagar Part - VI (Sridhar Avenue) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sholavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value helps ensure that the property is registered at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kumar Nagar Part - VI (Sridhar Avenue)?

The current guideline value of Kumar Nagar Part - VI (Sridhar Avenue) is Rs 600 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 402 per sq.ft to Rs 600 per sq.ft, which is a change of +49%.

Are there any guideline value figures for 2024 for this street?

No, the register has no figure for Kumar Nagar Part - VI (Sridhar Avenue) for the year 2024.

What is the registration office for properties in this area?

The registration office for properties in Kumar Nagar Part - VI (Sridhar Avenue) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 6,00,000, the stamp duty would be calculated at 7% of this amount.