Guideline Value for KUMARAGURU COLONY 4TH STREET

Kumaraguru Colony 4th Street guideline value

The current guideline value of Kumaraguru Colony 4th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kumaraguru Colony 4th Street has changed

The guideline value for Kumaraguru Colony 4th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 956 per sq.ft. In 2003, it increased to Rs 1,058 per sq.ft, marking an 11% rise. The next significant jump occurred in 2007, where the value rose to Rs 1,300 per sq.ft, a 23% increase. The 2012 revision saw the value increase to Rs 6,500 per sq.ft, a substantial 400% increase from the previous figure. However, in 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a 33% drop. The 2023 revision set the value at Rs 6,500 per sq.ft, and the latest 2024 revision raised it to Rs 7,150 per sq.ft, a 10% increase.

Overall, from the 2002 revision to the current 2024 revision, the guideline value has increased by 648%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Kumaraguru Colony 4th Street is below this median.

• Kumaraguru Colony 3rd Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 2nd Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony 1st Street: Rs 7,150 per sq.ft (2024)
• Kumaraguru Colony: Rs 7,150 per sq.ft (2024)
• Kumaraguru Bara Street (Bharathi Nagar): Rs 7,150 per sq.ft (2024)
• Kumanan Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaraguru Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, making the total cost for these fees Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumaraguru Colony 4th Street?

The Sub Registrar Office that covers Kumaraguru Colony 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Kumaraguru Colony 4th Street?

The current guideline value of Kumaraguru Colony 4th Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 956 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 648% over the years.

What is the land classification of Kumaraguru Colony 4th Street?

Kumaraguru Colony 4th Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500, and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Kumaraguru Colony 4th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.