Guideline Value for KUMARAGURUBARAR STREET (WARD -4)

Kumaragurubarar Street (Ward -4) guideline value

The current guideline value of Kumaragurubarar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Kumaragurubarar Street (Ward -4) has changed

The guideline value for Kumaragurubarar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes were significant. From 2017 to 2023, the guideline value increased by 49%. The decrease from 2012 to 2017 was 33%. Overall, from 2012 to 2024, the value has seen a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Kumaragurubarar Street's 2024 figure above this median.

• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 660 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 660 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 550 per sq.ft (2024)
• Kundalakesi Street (N): Rs 1,320 per sq.ft (2024)
• K.S.Puram Pambakal Street (Ward -15): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaragurubarar Street (Ward -4)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaragurubarar Street (Ward -4)?

The Kumaragurubarar Street (Ward -4) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of their financial obligations. This standardization helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kumaragurubarar Street?

The current guideline value of Kumaragurubarar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Kumaragurubarar Street?

Kumaragurubarar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint II Sub Registrar Office covers Kumaragurubarar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kumaragurubarar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,18,800.