Guideline Value for KUMARAN NAGAR EXT - II "THENDRAL STREET"

Kumaran Nagar Ext - II "thendral Street" guideline value

The current guideline value of Kumaran Nagar Ext - II "thendral Street" is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village under the Villivakkam SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Kumaran Nagar Ext - II "thendral Street" has changed

Over the years, the guideline value for Kumaran Nagar Ext - II "thendral Street" has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,650 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 112% rise. However, the value then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 3,500 per sq.ft in 2023, followed by the current value of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 130%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value is Rs 3,800 per sq.ft, which is the same as the guideline value for Kumaran Nagar Ext - II "thendral Street".

• Kumaran Nagar Ext - II "rajendraprasad Street": Rs 3,800 per sq.ft (2024)
• Kumaran Nagar Ext - II "thiru.VI.Ka.Street": Rs 3,800 per sq.ft (2024)
• Kumaran Nagar Ext - II "pillaiyar Koil Street": Rs 3,800 per sq.ft (2024)
• Kumaran Nagar Ext - II "vasantham Street": Rs 3,800 per sq.ft (2024)
• Kumaran Nagar Ext - II "mullai Street": Rs 3,800 per sq.ft (2024)
• Kumaran Nagar Ext - I "kamaraj Street": Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar Ext - II "thendral Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumaran Nagar Ext - II "thendral Street"?

The Sub Registrar Office that covers Kumaran Nagar Ext - II "thendral Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are calculated based on the higher value between the guideline value and the sale price.

Additionally, the guideline value is regularly revised to reflect changes in the real estate market, ensuring that it remains relevant for property transactions. It is advisable for buyers and sellers to stay informed about these changes to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Nagar Ext - II "thendral Street"?

The current guideline value of Kumaran Nagar Ext - II "thendral Street" is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 130% over the years.

What is the registration office for Kumaran Nagar Ext - II "thendral Street"?

The registration office for Kumaran Nagar Ext - II "thendral Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 3,42,000, calculated based on the guideline value of Rs 38,00,000.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.