Guideline Value for KUMARAN NAGAR

Kumaran Nagar guideline value

The current guideline value of Kumaran Nagar, a village in Uthukkadu under the Walajabad SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Kumaran Nagar has changed

The guideline value for Kumaran Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged at Rs 300 per sq.ft in the 2023 revision. The latest revision in 2024 also reflects a value of Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value increased by the same percentage of 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Kumaran Nagar is below this median.

• Kurunji Nagar: Rs 300 per sq.ft (2024)
• Krisna Garden: Rs 400 per sq.ft (2024)
• Lakshmi Narasima Perumal Nagar Phase-II: Rs 300 per sq.ft (2024)
• Lakshmi Narasimman Nagar: Rs 300 per sq.ft (2024)
• Meenakshi Nagar: Rs 350 per sq.ft (2024)
• J.S 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 rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran Nagar?

The Sub Registrar Office that covers Kumaran Nagar is 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 Uthukkadu - A

The guideline value is an essential factor when registering a property in Uthukkadu - A. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and legal compliance in real estate transactions.

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 much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Uthukkadu - A?

Other streets in Uthukkadu - A have varying guideline values ranging from Rs 200 to Rs 800 per sq.ft, with the median being Rs 350 per sq.ft.

What fees are associated with property transactions in Kumaran Nagar?

For property transactions in Kumaran Nagar, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kumaran Nagar?

The Sub Registrar Office for Kumaran Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.