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Guideline Value

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Guideline Value for KUMARAN NAGAR 5th CROSS STREET

₹3300/sq.ft.

The guideline value for Kumaran Nagar 5th Cross Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. 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 ₹3000 /sq.ft.
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 5th Cross Street

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KUMARAN NAGAR 5th CROSS STREET guideline value

The current guideline value of KUMARAN NAGAR 5th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of KUMARAN NAGAR 5th CROSS STREET has changed

The guideline value for KUMARAN NAGAR 5th CROSS STREET has undergone several revisions over the years. In 2017, the guideline value was Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 saw the value increase to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, 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, where the median value is Rs 2,200 per sq.ft. KUMARAN NAGAR 5th CROSS STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in KUMARAN NAGAR 5th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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. Please note that 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 details.

Which Sub Registrar Office covers KUMARAN NAGAR 5th CROSS STREET?

The KUMARAN NAGAR 5th CROSS STREET falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Sholinganallur - 1. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process.

It is essential to be aware that the guideline value can vary significantly between different streets within the same village, reflecting local market conditions and land classifications. Buyers and sellers should ensure they are informed about the current guideline value to avoid discrepancies during transactions.

Frequently asked questions

What is the current guideline value for KUMARAN NAGAR 5th CROSS STREET?

The current guideline value for KUMARAN NAGAR 5th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for KUMARAN NAGAR 5th CROSS STREET?

The land classification for KUMARAN NAGAR 5th CROSS STREET is Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in KUMARAN NAGAR 5th CROSS STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.