Guideline Value for KUMARAN KUDIYIRUPU

Kumaran Kudiyirupu guideline value

The current guideline value of Kumaran Kudiyirupu is Rs 100 per sq.ft. This street is located in Kattavoor village, under the Ponneri Sub Registrar Office (SRO), and falls under the Residential Class II Type - I land classification.

How the guideline value of Kumaran Kudiyirupu has changed

The guideline value for Kumaran Kudiyirupu has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was set at Rs 67 per sq.ft. This value remained unchanged until the 2023 revision, where it was maintained at Rs 100 per sq.ft. The most recent revision, effective from 1 July 2024, has also set the guideline value at Rs 100 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%, bringing the value from Rs 67 per sq.ft to Rs 100 per sq.ft. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Kattavoor

In Kattavoor village, there are five streets under the Ponneri SRO that carry a 2024 guideline value of Rs 100 per sq.ft. This places Kumaran Kudiyirupu at the median value for the area. The following are the other streets in Kattavoor:

• 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 Kudiyirupu

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee at 2% would be Rs 2,000. Therefore, the total charges would be Rs 9,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Kudiyirupu?

Kumaran Kudiyirupu is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kattavoor. It serves as a benchmark for determining the minimum value at which a property can be registered. When selling or buying property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Additionally, the guideline value helps maintain transparency in property transactions. It prevents undervaluation and ensures that the government collects appropriate revenue from property sales. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Kudiyirupu?

The current guideline value of Kumaran Kudiyirupu 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 both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

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

Other streets in Kattavoor with the same 2024 guideline value of Rs 100 per sq.ft include Lucky Star City, Sundaram Avenue, and Thiruppur Kumaran Nagar.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated in Kumaran Kudiyirupu?

Stamp duty in Kumaran Kudiyirupu is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.