Guideline Value for KUMARAN NAGAR

Kumaran Nagar guideline value

The current guideline value of Kumaran Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village, under the Walajabad Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - II.

How the guideline value of Kumaran Nagar has changed

According to the guideline value register, there have been several revisions for Kumaran Nagar. The 2023 revision set the guideline value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

From the 2023 to the 2024 revision, there was a change of +0%, indicating that the guideline value has remained stable. The current value of Rs 300 per sq.ft is consistent with the previous year's figure.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Kumaran Nagar's 2024 figure below that median.

• Mahalakshmi Nagar: Rs 350 per sq.ft (2024)
• J.S. Nagar Phase -II: Rs 800 per sq.ft (2024)
• Mouli Krishna Garden: Rs 350 per sq.ft (2024)
• G S Avenue: Rs 600 per sq.ft (2024)
• Doctors Detroit City: Rs 775 per sq.ft (2024)
• Dhia Nagar: Rs 600 per sq.ft (2024)

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 at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Kumaran Nagar?

Kumaran Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a crucial factor in the registration process for property transactions in Uthukadu-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate revenue through stamp duty and registration fees.

When buyers and sellers engage in a property transaction, the guideline value helps to establish a fair price for the property. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the sale process.

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, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 300 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kumaran Nagar?

Kumaran Nagar is classified as Residential Class I Type - II, indicating its designation for residential purposes.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. This is based on the guideline value of Rs 300 per sq.ft.

Where is the Sub Registrar Office for Kumaran Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles registrations for properties in Kumaran Nagar.