Guideline Value for KUMARAN NAGAR (APPROVED)

Kumaran Nagar (Approved) guideline value

The current guideline value of Kumaran Nagar (Approved) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Sholinganallur - 1 village and is registered with the Neelankarai SRO. The land classification is Residential Class II Type - I.

How the guideline value of Kumaran Nagar (Approved) has changed

The guideline value for Kumaran Nagar (Approved) has seen significant changes over the years. The 2017 revision set the value at Rs 2,010 per sq.ft. In the latest 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a change of +64% from the previous revision.

It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only figures available for Kumaran Nagar (Approved) are from the 2017 and 2024 revisions.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 area, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Kumaran Nagar (Approved) above the median with its current value of Rs 3,300 per sq.ft.

• KUMARAN NAGAR 7th CROSS STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN NAGAR 6th CROSS STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN NAGAR 5th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar Mayana Pathai: Rs 1,700 per sq.ft (2024)
• KUMARAN NAGAR 3rd CROSS STREET: Rs 3,300 per sq.ft (2024)
• KUMARAN NAGAR 2nd MAIN ROAD: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar (Approved)

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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kumaran Nagar (Approved)?

The Sub Registrar Office covering Kumaran Nagar (Approved) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is an essential factor during property registration in Sholinganallur - 1. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is registered at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that all transactions are conducted transparently and according to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kumaran Nagar (Approved)?

The current guideline value of Kumaran Nagar (Approved) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2017 to 2024?

The guideline value increased by +64% from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, while Kumaran Nagar (Approved) is above this median.

What are the stamp duty and registration fees for a property in Kumaran Nagar (Approved)?

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

Which office handles the registration for Kumaran Nagar (Approved)?

The Neelankarai Sub Registrar Office handles the registration for Kumaran Nagar (Approved), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.