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Guideline Value

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Guideline Value for KUMARAN KUDI ANNEXE 3rd STREET

₹2200/sq.ft.

The guideline value for Kumaran Kudi Annexe 3rd Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kumaran Kudi Annexe 3rd Street

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KUMARAN KUDI ANNEXE 3rd STREET guideline value

The current guideline value for KUMARAN KUDI ANNEXE 3rd STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of KUMARAN KUDI ANNEXE 3rd STREET has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent 2024 revision has set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that KUMARAN KUDI ANNEXE 3rd STREET's 2024 figure is below that median.

Stamp duty and registration fee for property in KUMARAN KUDI ANNEXE 3rd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KUMARAN KUDI ANNEXE 3rd STREET?

The KUMARAN KUDI ANNEXE 3rd STREET falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees payable when a property is registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value helps establish a baseline for the sale price. This ensures that the registration process reflects an accurate valuation of the property, which is crucial for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value for KUMARAN KUDI ANNEXE 3rd STREET?

The current guideline value for KUMARAN KUDI ANNEXE 3rd STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, starting at Rs 2,000 per sq.ft, dropping to Rs 1,340 per sq.ft in 2017, and then rising to Rs 2,200 per sq.ft in 2024.

What is the land classification for KUMARAN KUDI ANNEXE 3rd STREET?

KUMARAN KUDI ANNEXE 3rd STREET is classified under Residential Class II Type - III land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for this street?

The Neelankarai Sub Registrar Office covers KUMARAN KUDI ANNEXE 3rd STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.