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Guideline Value

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Guideline Value for KUMARAN NAGAR EAST MAIN ROAD & STREETS

₹1625/sq.ft.

The guideline value for Kumaran Nagar East Main Road & Streets 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 East Main Road & Streets

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Kumaran Nagar East Main Road & Streets guideline value

The current guideline value for Kumaran Nagar East Main Road & Streets in Paruthipattu village, under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Kumaran Nagar East Main Road & Streets has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This increased to Rs 804 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,500 per sq.ft, an increase of 87%. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 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, with the median value being Rs 1,625 per sq.ft. The guideline value for Kumaran Nagar East Main Road & Streets is equal to this median.

Stamp duty and registration fee for property in Kumaran Nagar East Main Road & Streets

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. Together, the total cost for stamp duty and registration fee would be Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumaran Nagar East Main Road & Streets?

The Sub Registrar Office that covers Kumaran Nagar East Main Road & Streets is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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 the minimum value at which the property can be registered, ensuring that all transactions are conducted transparently and fairly.

When you register a property, the guideline value will be used to calculate the applicable fees, which are essential for the legal transfer of ownership. This helps in maintaining a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value for Kumaran Nagar East Main Road & Streets?

The current guideline value for Kumaran Nagar East Main Road & Streets 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 seen several revisions, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,625 per sq.ft in 2024, which is an 8% increase. The value has significantly increased from Rs 804 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for this area?

The land classification for Kumaran Nagar East Main Road & Streets is Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kumaran Nagar East Main Road & Streets is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 at a rate of 7%.