Guideline Value for KUMARAKOTTAM NAGAR

Kumarakottam Nagar guideline value

The current guideline value of Kumarakottam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sevilimadu - A village under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Kumarakottam Nagar has changed

In the 2023 revision, the guideline value for Kumarakottam Nagar was Rs 1,000 per sq.ft. The increase to Rs 1,100 per sq.ft in the 2024 revision represents a change of +10%. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

With the 2024 revision, the current guideline value aligns with the median of Rs 1,100 per sq.ft for the 58 streets in Sevilimadu - A under the Kanchipuram Joint II SRO, which range from Rs 800 to Rs 2,200 per sq.ft.

Guideline values in Sevilimadu - A

The guideline values for various streets in Sevilimadu - A reflect a range of Rs 800 to Rs 2,200 per sq.ft, with Kumarakottam Nagar's value of Rs 1,100 per sq.ft being equal to the median. Below are the guideline values for other streets in Sevilimadu - A:

• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Nagar Extension: Rs 875 per sq.ft (2024)
• Krishna Nagar: Rs 875 per sq.ft (2024)
• Kanniyamma Nagar: Rs 800 per sq.ft (2024)
• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• M.K.N. Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarakottam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please 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 details.

Which Sub Registrar Office covers Kumarakottam Nagar?

Kumarakottam Nagar falls under the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is an important factor during the registration of property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must ensure that the sale price or the guideline value, whichever is higher, is considered for calculating the applicable duties and fees. This ensures compliance with local regulations and helps in accurate financial planning for the transaction.

Frequently asked questions

What is the current guideline value of Kumarakottam Nagar?

The current guideline value of Kumarakottam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a change of +10%.

What is the classification of land in Kumarakottam Nagar?

Kumarakottam Nagar is classified as Residential Class I Type - I under the Kanchipuram Joint II SRO.

What are the guideline values for other streets in Sevilimadu - A?

The guideline values for other streets in Sevilimadu - A range from Rs 800 to Rs 2,200 per sq.ft, with various streets having specific values listed in the local register.

Where can I find the Sub Registrar Office for Kumarakottam Nagar?

The Sub Registrar Office covering Kumarakottam Nagar is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.