Guideline Value for KUMARAN KUDIL 3rd STREET

KUMARAN KUDIL 3rd STREET guideline value

The current guideline value of KUMARAN KUDIL 3rd 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 KUDIL 3rd STREET has changed

The guideline value for KUMARAN KUDIL 3rd STREET has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value back to Rs 3,000 per sq.ft, and the most recent 2024 revision increased it to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 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 is Rs 3,300 per sq.ft, which is equal to the current value of KUMARAN KUDIL 3rd STREET.

• KUMARAN KUDIL 2nd STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDIL 4th STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDI ANNEXE 8th STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDIL 5th STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN KUDI ANNEXE 7th STREET: Rs 3,300 per sq.ft (2024)
• Kumaran Kudi Main Road (Near Omr): Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in KUMARAN KUDIL 3rd 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, resulting in a total of Rs 2,97,000. It is important to note that the 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 KUDIL 3rd STREET?

The KUMARAN KUDIL 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 a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements when transferring property ownership.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable duties and fees. This ensures that the state receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of KUMARAN KUDIL 3rd STREET?

The current guideline value of KUMARAN KUDIL 3rd 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 back 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 KUDIL 3rd STREET?

The land classification for KUMARAN KUDIL 3rd STREET is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in KUMARAN KUDIL 3rd STREET?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for KUMARAN KUDIL 3rd STREET?

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