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Guideline Value

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Guideline Value for KUMARAN NAGAR PART V

₹440/sq.ft.

The guideline value for Kumaran Nagar Part V in Palavayal village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavayal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Part V

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Kumaran Nagar Part V guideline value

The current guideline value of Kumaran Nagar Part V is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Palavayal village and falls under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kumaran Nagar Part V has changed

The guideline value for Kumaran Nagar Part V has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. This means that the last known revision before 2012 was not recorded in the register. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Palavayal

In Palavayal village, there are 22 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 1,200 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Kumaran Nagar Part V aligns with this median.

Stamp duty and registration fee for property in Kumaran Nagar Part V

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800. Together, the total cost for stamp duty and registration fee would be Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran Nagar Part V?

The Sub Registrar Office that covers Kumaran Nagar Part V is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Palavayal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value will influence the overall cost of the transaction.

When a property is sold, the registration office uses the guideline value to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions, ensuring that all parties are aware of the costs involved based on the set guideline value.

Frequently asked questions

What is the current guideline value of Kumaran Nagar Part V?

The current guideline value of Kumaran Nagar Part V is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Kumaran Nagar Part V?

The land classification for Kumaran Nagar Part V is Residential Class I Type - I.

Where is the Sub Registrar Office located for Kumaran Nagar Part V?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Kumaran Nagar Part V?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.