Guideline Value for KUMARAN 1ST STREET (WARD-20)

Kumaran 1st Street (Ward-20) guideline value

The current guideline value of Kumaran 1st Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Kumaran 1st Street (Ward-20) has changed

The guideline value for Kumaran 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was followed by a decrease to Rs 536 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it further to Rs 881 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 to 2017 revision, there was a significant decrease of 33%. However, the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%, reflecting the current guideline value of Rs 881 per sq.ft.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, placing Kumaran 1st Street above this median at Rs 881 per sq.ft.

• Kumaran 2st Street (Ward-20): Rs 881 per sq.ft (2024)
• Kulakkarai Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi Selliamman Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 2nd Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 1st Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Lancor Uds: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran 1st Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total fees to Rs 79,290. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran 1st Street (Ward-20)?

The Kumaran 1st Street (Ward-20) is covered by 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 details.

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

The guideline value is a crucial factor when registering property transactions in Thailavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran 1st Street (Ward-20)?

The current guideline value of Kumaran 1st Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the stamp duty for property in Kumaran 1st Street (Ward-20)?

The stamp duty for property in Kumaran 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 61,670 based on the current guideline value.

Which SRO covers Kumaran 1st Street (Ward-20)?

Kumaran 1st Street (Ward-20) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Thailavaram?

The median guideline value in Thailavaram is Rs 770 per sq.ft. The guideline value for Kumaran 1st Street is above this median at Rs 881 per sq.ft.