Guideline Value for KUMARAN NAGAR

Kumaran Nagar guideline value

The current guideline value of Kumaran Nagar, located in Thozhuvur village, under the Tiruvallur Joint 1 SRO, is Rs 300 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kumaran Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 201 per sq.ft. However, the most recent revision in 2023 has increased the guideline value back to Rs 300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

Between the 2017 and 2023 revisions, there was an increase of 49%. From 2012 to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2023, the guideline value has remained the same at Rs 300 per sq.ft.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Kumaran Nagar is one of the streets under the Tiruvallur Joint 1 SRO. There are no other streets in Thozhuvur listed with guideline values.

Stamp duty and registration fee for property in Kumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty, charged at 7%, would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total cost for stamp duty and registration fee would be Rs 27,000. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Nagar?

The Sub Registrar Office that covers Kumaran Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Thozhuvur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Kumaran Nagar?

The current guideline value of Kumaran Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

What are the stamp duty and registration fees for property in Kumaran Nagar?

The stamp duty for a property valued at Rs 3,00,000 would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Kumaran Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Kumaran Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the land classification for Kumaran Nagar?

The land classification for Kumaran Nagar is Residential Class III Type - II, which indicates the type of development allowed in this area.