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Guideline Value

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Guideline Value for KUMARAN NAGAR 2nd MAIN ROAD

₹3300/sq.ft.

The guideline value for Kumaran Nagar 2nd Main Road in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 2nd Main Road

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KUMARAN NAGAR 2nd MAIN ROAD guideline value

The current guideline value for KUMARAN NAGAR 2nd MAIN ROAD is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of KUMARAN NAGAR 2nd MAIN ROAD has changed

The guideline value for KUMARAN NAGAR 2nd MAIN ROAD has undergone several revisions. The oldest recorded revision is from 2017, where the guideline value was Rs 2,010 per sq.ft. The most recent revision in 2024 has increased this figure to Rs 3,300 per sq.ft, marking a significant rise of 64% over the seven-year period.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street, indicating that the guideline value remained unchanged in those years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing KUMARAN NAGAR 2nd MAIN ROAD above this median.

Stamp duty and registration fee for property in KUMARAN NAGAR 2nd MAIN ROAD

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 amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total cost together to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers KUMARAN NAGAR 2nd MAIN ROAD?

The KUMARAN NAGAR 2nd MAIN ROAD is covered by 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 this link.

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

The guideline value plays a crucial role when buying or selling property in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable during the registration of the property. Buyers must ensure that they are aware of the guideline value to calculate the total costs involved in the transaction.

When a property is registered, the guideline value or the sale price, whichever is higher, is taken into account for calculating the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of KUMARAN NAGAR 2nd MAIN ROAD?

The current guideline value of KUMARAN NAGAR 2nd MAIN ROAD is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft, which is a rise of 64% over the seven-year period.

Are there any years where the guideline value has no figures?

Yes, the register has no figures for KUMARAN NAGAR 2nd MAIN ROAD for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for KUMARAN NAGAR 2nd MAIN ROAD?

The registration office covering KUMARAN NAGAR 2nd MAIN ROAD is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at the rate of 7%.