Guideline Value for KUMARAN STREET (CHOZHAN NAGAR)

Kumaran Street (Chozhan Nagar) guideline value

The current guideline value of Kumaran Street (Chozhan Nagar) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kumaran Street (Chozhan Nagar) has changed

The guideline value for Kumaran Street (Chozhan Nagar) has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 900 per sq.ft. In 2017, it decreased to Rs 603 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The latest revision in 2024 set the value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Kumaran Street (Chozhan Nagar). Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 10%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is the same as the guideline value for Kumaran Street (Chozhan Nagar).

• Kumaran Street (M.T.H.Road North): Rs 988 per sq.ft (2024)
• Kuninjima Nagar 2nd Cross St: Rs 800 per sq.ft (2024)
• Kumaran Nagar: Rs 988 per sq.ft (2024)
• Kurinjima Nagar: Rs 988 per sq.ft (2024)
• Kurinjima Nagar 1st Cross St: Rs 800 per sq.ft (2024)
• Kurinjima Nagar Extn: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Street (Chozhan Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total cost for these fees Rs 88,920. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumaran Street (Chozhan Nagar)?

The Sub Registrar Office that covers Kumaran Street (Chozhan Nagar) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thandurai. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions in the area.

Frequently asked questions

What is the current guideline value of Kumaran Street (Chozhan Nagar)?

The current guideline value of Kumaran Street (Chozhan Nagar) is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Kumaran Street (Chozhan Nagar)?

Kumaran Street (Chozhan Nagar) is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles registrations for this area?

The Avadi Sub Registrar Office handles registrations for Kumaran Street (Chozhan Nagar), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.