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Guideline Value

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Guideline Value for KUMARAN NAGAR (V) 7TH CROSS STREET

₹1625/sq.ft.

The guideline value for Kumaran Nagar (v) 7th Cross Street in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kumaran Nagar (v) 7th Cross Street

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Kumaran Nagar (V) 7th Cross Street guideline value

The current guideline value of Kumaran Nagar (V) 7th Cross Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Kumaran Nagar (V) 7th Cross Street has changed

The guideline value for Kumaran Nagar (V) 7th Cross Street has undergone several revisions over the years. The earliest available revision is from 2012, where the value was Rs 1,200 per sq.ft. This increased to Rs 804 per sq.ft in 2017, a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,500 per sq.ft, marking an increase of 87%. The latest revision in 2024 set the value at Rs 1,625 per sq.ft, which is an 8% increase from the previous year.

There are no guideline values available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value among these streets is Rs 1,625 per sq.ft, which is the same as the guideline value for Kumaran Nagar (V) 7th Cross Street.

Stamp duty and registration fee for property in Kumaran Nagar (V) 7th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total fees to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kumaran Nagar (V) 7th Cross Street?

The Kumaran Nagar (V) 7th Cross Street falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Paruthipattu. It serves as a benchmark for property transactions and ensures that the government receives the appropriate taxes based on the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Kumaran Nagar (V) 7th Cross Street?

The current guideline value for Kumaran Nagar (V) 7th Cross Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024, with significant increases in 2023 and 2024.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 1,46,250.

Which Sub Registrar Office covers this street?

Kumaran Nagar (V) 7th Cross Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.

What is the land classification for this street?

The land classification for Kumaran Nagar (V) 7th Cross Street is Residential Special Type - I.