Guideline Value for KUMARAN KUDI ANNEXE 7th STREET

KUMARAN KUDI ANNEXE 7th STREET guideline value

The current guideline value of KUMARAN KUDI ANNEXE 7th STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of KUMARAN KUDI ANNEXE 7th STREET has changed

The guideline value for KUMARAN KUDI ANNEXE 7th STREET has seen several revisions over the years. In 2012, the guideline value was set at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 7th STREET.

• KUMARAN KUDI ANNEXE 6th STREET: Rs 3,300 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 4th STREET: Rs 2,200 per sq.ft (2024)
• KUMARAN KUDIL 3rd STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDIL 4th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KUMARAN KUDI ANNEXE 7th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers KUMARAN KUDI ANNEXE 7th STREET?

The KUMARAN KUDI ANNEXE 7th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for KUMARAN KUDI ANNEXE 7th STREET?

The current guideline value for KUMARAN KUDI ANNEXE 7th 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 7th STREET?

The land classification for KUMARAN KUDI ANNEXE 7th STREET is Residential Class II Type - I, indicating its suitability for residential purposes.

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.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in KUMARAN KUDI ANNEXE 7th STREET is 7% of the guideline value or the sale price, whichever is higher.