Guideline Value for KUMARAN CITY Extn

KUMARAN CITY Extn guideline value

The current guideline value for KUMARAN CITY Extn in Pammathukulam village under the Redhills SRO is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of KUMARAN CITY Extn has changed

The guideline value for KUMARAN CITY Extn has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 has set the value at Rs 660 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between these revisions, significant changes have occurred. From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 825 per sq.ft as of 2024. The median guideline value for the village is Rs 550 per sq.ft, placing KUMARAN CITY Extn above this median.

• Kumaran Nagr Part - II: Rs 550 per sq.ft (2024)
• Krish City Phase - II: Rs 660 per sq.ft (2024)
• Krish City: Rs 660 per sq.ft (2024)
• Lake View Club: Rs 330 per sq.ft (2024)
• Lakeview Club Phase-II: Rs 330 per sq.ft (2024)
• Lake View Club Phase III & IV: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in KUMARAN CITY Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please note that 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 KUMARAN CITY Extn?

KUMARAN CITY Extn falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor when registering property in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. This value is crucial for both buyers and sellers to understand, as it impacts the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value for KUMARAN CITY Extn?

The current guideline value for KUMARAN CITY Extn is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with notable fluctuations in between, including a decrease in 2017 and increases in subsequent years.

What is the land classification for KUMARAN CITY Extn?

KUMARAN CITY Extn is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for KUMARAN CITY Extn?

The registration office for KUMARAN CITY Extn is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in KUMARAN CITY Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.