Guideline Value for KUMARAN 2ST STREET (WARD-20)

Kumaran 2st Street (Ward-20) guideline value

The current guideline value of Kumaran 2st Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kumaran 2st Street (Ward-20) has changed

The guideline value of Kumaran 2st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was later revised to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a decrease of 33% from 2012 to 2017, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Kumaran 2st Street is above this median.

• Kumaran 1st Street (Ward-20): Rs 880 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 2st Street (Ward-20)

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran 2st Street (Ward-20)?

The Sub Registrar Office that covers Kumaran 2st Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vallancheri, the guideline value is used as a basis for calculating stamp duty and registration fees. This value helps ensure that the transaction is registered at a fair price according to the local regulations.

It is important to note that the guideline value may differ from the actual sale price of the property. The registration process will require payment of fees based on the higher of the guideline value or the sale price, ensuring compliance with local laws.

Frequently asked questions

What is the current guideline value of Kumaran 2st Street (Ward-20)?

The current guideline value of Kumaran 2st Street (Ward-20) is Rs 880 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 increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Kumaran 2st Street (Ward-20)?

The land classification for Kumaran 2st Street (Ward-20) is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Kumaran 2st Street (Ward-20)?

The Sub Registrar Office for Kumaran 2st Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kumaran 2st Street (Ward-20)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 61,600.