Guideline Value for KUMARAN GARDEN

Kumaran Garden guideline value

The current guideline value of Kumaran Garden is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kumaran Garden has changed

The guideline value for Kumaran Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it rose by a total of 60%. The change from 2023 to 2024 reflects a 7% increase in the guideline value per sq.ft.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with the median set at Rs 750 per sq.ft. The guideline value for Kumaran Garden aligns with this median.

• Krishnapuram Other Streets: Rs 1,210 per sq.ft (2024)
• Krishnapuram 6th Main St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 5th Main St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 4th Main St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 4th Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 3rd Main St: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is calculated at 7%, which is Rs 52,500, and the registration fee is 2%, amounting to Rs 15,000. Therefore, the total cost for stamp duty and registration fee would be Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kumaran Garden?

The Kumaran Garden area falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kumaran Garden?

The current guideline value of Kumaran Garden is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 60%, rising from Rs 469 per sq.ft to the current rate of Rs 750 per sq.ft.

What is the stamp duty rate for properties in Kumaran Garden?

The stamp duty rate for properties in Kumaran Garden is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Kumaran Garden?

The registration office for Kumaran Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the median guideline value in Thiruninravur-A?

The median guideline value in Thiruninravur-A is Rs 750 per sq.ft, which is also the current guideline value for Kumaran Garden.