Guideline Value for KUMARAN NAGAR (SURVEY NO.135/5)

Kumaran Nagar (Survey No.135/5) guideline value

The current guideline value of Kumaran Nagar (Survey No.135/5) is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Kumaran Nagar (Survey No.135/5) has changed

The guideline value for Kumaran Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 1,000 per sq.ft. The 2024 revision also maintains this value at Rs 1,000 per sq.ft, indicating no percentage change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 49%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant change between the 2017 and 2023 revisions was an increase of 49%, leading to the current guideline value of Rs 1,000 per sq.ft.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Kumaran Nagar is above this median, reflecting its commercial classification.

• Lakshmi Nagar: Rs 600 per sq.ft (2024)
• K.M.R. Nagar: Rs 800 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 800 per sq.ft (2024)
• Karumari Amman Nagar: Rs 500 per sq.ft (2024)
• Kannappa Nagar: Rs 800 per sq.ft (2024)
• Kannan Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar (Survey No.135/5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Nagar (Survey No.135/5)?

The Sub Registrar Office that covers Kumaran Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Atanancheri. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration. Buyers should be aware that the guideline value is often used as a benchmark to assess the value of the property being transacted.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kumaran Nagar?

The current guideline value of Kumaran Nagar (Survey No.135/5) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Atanancheri?

Other streets in Atanancheri have varying guideline values, with rates ranging from Rs 400 to Rs 2,500 per sq.ft. For example, Lakshmi Nagar is Rs 600 per sq.ft, while K.M.R. Nagar and Mahalakshmi Nagar are both Rs 800 per sq.ft.

What are the stamp duty and registration fees for property in Kumaran Nagar?

For a 1,000 sq.ft plot valued at the current guideline of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Kumaran Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Kumaran Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.