Guideline Value for KUMARAN KUDIL 4th STREET

KUMARAN KUDIL 4th STREET guideline value

The current guideline value of KUMARAN KUDIL 4th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of KUMARAN KUDIL 4th STREET has changed

The guideline value for KUMARAN KUDIL 4th STREET has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 3,000 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 2,010 per sq.ft. In 2023, the value increased to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The value then rose by 10% from 2023 to 2024. 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 is Rs 3,300 per sq.ft, which is the same as the current value for KUMARAN KUDIL 4th STREET.

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

Stamp duty and registration fee for property in KUMARAN KUDIL 4th 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, bringing the total fees to 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.

For more information on calculating your fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers KUMARAN KUDIL 4th STREET?

The KUMARAN KUDIL 4th 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 details.

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

When buying or selling property in Okkiyamthuraipakkam, the guideline value plays a critical role during the registration process. It serves as the basis for calculating stamp duty and registration fees, ensuring that the correct amounts are paid based on the property's value.

The guideline value is established by the Registration Department and is subject to periodic revisions. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration of property transactions.

Frequently asked questions

What is the current guideline value of KUMARAN KUDIL 4th STREET?

The current guideline value of KUMARAN KUDIL 4th 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 KUDIL 4th STREET?

KUMARAN KUDIL 4th STREET is classified under Residential Class II Type - I.

Where can I find more information about stamp duty and registration fees?

For detailed information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles the registration for KUMARAN KUDIL 4th STREET?

The Neelankarai Sub Registrar Office handles the registration for KUMARAN KUDIL 4th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.