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Guideline Value

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Guideline Value for KUMARAGURU AVENUE 4th STREET

₹2800/sq.ft.

The guideline value for Kumaraguru Avenue 4th Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kumaraguru Avenue 4th Street

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KUMARAGURU AVENUE 4th STREET guideline value

The current guideline value of KUMARAGURU AVENUE 4th STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of KUMARAGURU AVENUE 4th STREET has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained the same in 2017, but in that year, it dropped to Rs 1,675 per sq.ft. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to Rs 2,800 per sq.ft in 2024, marking a 12% increase from the previous year. The overall change from 2012 to 2024 reflects a 12% increase.

From 2017 to 2023, there was a notable increase of 49%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing KUMARAGURU AVENUE 4th STREET below that median.

Stamp duty and registration fee for property in KUMARAGURU AVENUE 4th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty, charged at 7%, would be Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these fees total Rs 2,52,000. It is important to note that 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 KUMARAGURU AVENUE 4th STREET?

The KUMARAGURU AVENUE 4th STREET falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of KUMARAGURU AVENUE 4th STREET?

The current guideline value of KUMARAGURU AVENUE 4th STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 2,500 per sq.ft in 2012, dropping to Rs 1,675 per sq.ft in 2017, and then increasing to Rs 2,500 per sq.ft in 2023 and Rs 2,800 per sq.ft in 2024.

What is the stamp duty for property in KUMARAGURU AVENUE 4th STREET?

The stamp duty for property in KUMARAGURU AVENUE 4th STREET is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,96,000.

Which office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for KUMARAGURU AVENUE 4th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification for KUMARAGURU AVENUE 4th STREET?

KUMARAGURU AVENUE 4th STREET is classified as Residential Class II Type - II, indicating its designation for residential use within the locality.