Guideline Value for KUMARAN STREET VEERA ANJANEYAR NAGAR

Kumaran Street Veera Anjaneyar Nagar guideline value

The current guideline value of Kumaran Street Veera Anjaneyar Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kumaran Street Veera Anjaneyar Nagar has changed

From the 2012 revision, the guideline value for Kumaran Street Veera Anjaneyar Nagar was Rs 1,700 per sq.ft. In the 2017 revision, this value decreased to Rs 1,139 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the guideline value saw a significant increase to Rs 1,700 per sq.ft, reflecting a change of 49%. The most recent revision in 2024 set the guideline value at Rs 1,870 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Kumaran Street Veera Anjaneyar Nagar is below this median.

• Kumaran Street: Rs 2,200 per sq.ft (2024)
• Kumaraguruparar Street: Rs 2,200 per sq.ft (2024)
• Krishna Street: Rs 2,750 per sq.ft (2024)
• Krishnan Street: Rs 2,750 per sq.ft (2024)
• Lakshmi Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Krishna Nagar Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Street Veera Anjaneyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total cost for these fees Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kumaran Street Veera Anjaneyar Nagar?

The Sub Registrar Office that covers Kumaran Street Veera Anjaneyar Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Jelandianpettai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price as per the government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kumaran Street Veera Anjaneyar Nagar?

The current guideline value of Kumaran Street Veera Anjaneyar Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,870 per sq.ft in 2024, marking a 10% increase. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification for Kumaran Street Veera Anjaneyar Nagar?

The land classification for Kumaran Street Veera Anjaneyar Nagar is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kumaran Street Veera Anjaneyar Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 18,70,000, the stamp duty at 7% would be Rs 1,30,900.