Guideline Value for KUMARAN KUDIYIRUPPU

Kumaran Kudiyiruppu guideline value

The current guideline value of Kumaran Kudiyiruppu is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kattavoor village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Kumaran Kudiyiruppu has changed

The guideline value for Kumaran Kudiyiruppu has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 67 per sq.ft to Rs 100 per sq.ft. Overall, from 2017 to 2024, the guideline value has also increased by 49%, maintaining the current rate of Rs 100 per sq.ft since 2023.

Guideline values in Kattavoor

In Kattavoor, there are five streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Kumaran Kudiyiruppu at the same level as the median.

• Kumaran Kudiyiruppu: Rs 100 per sq.ft (2024)
• Lucky Star City: Rs 100 per sq.ft (2024)
• Sundaram Avenue: Rs 100 per sq.ft (2024)
• Thiruppur Kumaran Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Kudiyiruppu?

The Kumaran Kudiyiruppu area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kattavoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the official valuation of the property, which can influence the costs associated with the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Kudiyiruppu?

The current guideline value of Kumaran Kudiyiruppu is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the stamp duty for property in Kumaran Kudiyiruppu?

The stamp duty for property in Kumaran Kudiyiruppu is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the Kumaran Kudiyiruppu area.

What are the other streets in Kattavoor with the same guideline value?

Other streets in Kattavoor with the same guideline value of Rs 100 per sq.ft include Lucky Star City, Sundaram Avenue, and Thiruppur Kumaran Nagar, all under the Ponneri SRO.