Guideline Value for KUMARAN KUDI ANNEXE 6th STREET

KUMARAN KUDI ANNEXE 6th STREET guideline value

The current guideline value for KUMARAN KUDI ANNEXE 6th STREET is Rs 3,300 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 - I land classification.

How the guideline value of KUMARAN KUDI ANNEXE 6th STREET has changed

The guideline value for KUMARAN KUDI ANNEXE 6th STREET has undergone several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, it saw a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for KUMARAN KUDI ANNEXE 6th 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 guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the current value for KUMARAN KUDI ANNEXE 6th STREET.

• KUMARAN KUDI ANNEXE 4th STREET: Rs 2,200 per sq.ft (2024)
• KUMARAN KUDI ANNEXE 7th STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDI ANNEXE 3rd STREET: Rs 2,200 per sq.ft (2024)
• KUMARAN KUDI ANNEXE 8th STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDIL 2nd STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDI ANNEXE 2nd STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in KUMARAN KUDI ANNEXE 6th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers KUMARAN KUDI ANNEXE 6th STREET?

The KUMARAN KUDI ANNEXE 6th 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 a crucial factor during property registration in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees payable by the buyer when acquiring property.

When selling property, the guideline value ensures that the transaction is recorded at a fair price, as it reflects the official valuation set by the government. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of KUMARAN KUDI ANNEXE 6th STREET?

The current guideline value of KUMARAN KUDI ANNEXE 6th STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for KUMARAN KUDI ANNEXE 6th STREET?

KUMARAN KUDI ANNEXE 6th STREET is classified under Residential Class II Type - I according to the Neelankarai SRO guidelines.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in KUMARAN KUDI ANNEXE 6th STREET?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 incurs a stamp duty of Rs 2,31,000 at 7%.