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Guideline Value

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Guideline Value for KUMARAN NAGAR 6th CROSS STREET

₹3300/sq.ft.

The guideline value for Kumaran Nagar 6th 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 6th Cross Street

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KUMARAN NAGAR 6th CROSS STREET guideline value

The current guideline value of KUMARAN NAGAR 6th CROSS STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of KUMARAN NAGAR 6th CROSS STREET has changed

The guideline value for KUMARAN NAGAR 6th CROSS STREET has seen significant changes over the years. The 2017 revision recorded a value of Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 value for these streets is Rs 2,200 per sq.ft, placing KUMARAN NAGAR 6th CROSS STREET's 2024 value above this median.

Stamp duty and registration fee for property in KUMARAN NAGAR 6th CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KUMARAN NAGAR 6th CROSS STREET?

The KUMARAN NAGAR 6th CROSS STREET 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. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with local regulations and helps in determining the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of KUMARAN NAGAR 6th CROSS STREET?

The current guideline value of KUMARAN NAGAR 6th 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, representing an overall increase of 64%.

What were the guideline values in previous revisions?

The guideline values for KUMARAN NAGAR 6th CROSS STREET were Rs 2,010 per sq.ft in 2017, Rs 3,000 per sq.ft in 2023, and the current value is Rs 3,300 per sq.ft from 2024.

Which Sub Registrar Office covers KUMARAN NAGAR 6th CROSS STREET?

The Neelankarai Sub Registrar Office covers KUMARAN NAGAR 6th CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for KUMARAN NAGAR 6th CROSS STREET?

Stamp duty for KUMARAN NAGAR 6th CROSS STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, leading to a stamp duty of Rs 2,31,000.