Guideline Value

Corporate

Guideline Value for KUMARAN STREET

₹1001/sq.ft.

The guideline value for Kumaran Street in Chinnasekkadu village (Thiruvottiyur SRO, Chennai zone) is Rs 1001 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnasekkadu

Village

Thiruvottiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1001 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹80 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹69 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kumaran Street

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Kumaran Street guideline value

The current guideline value of Kumaran Street in Chinnasekkadu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Thiruvottiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kumaran Street has changed

The guideline value for Kumaran Street has undergone several revisions over the years. In 2002, the value was Rs 69 per sq.ft, which increased to Rs 80 per sq.ft in 2003, marking a change of +16%. The value saw a significant rise to Rs 200 per sq.ft in 2007, reflecting a +150% increase. By 2012, the value was revised to Rs 600 per sq.ft, which was a +200% increase from the previous revision. However, in 2017, it dropped to Rs 402 per sq.ft, indicating a decrease of -33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which was a +149% increase from 2017. The current revision in 2024 has the value at Rs 1,001 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions prior to 2002 or for any years not listed in the register. Overall, from 2002 to 2024, the guideline value has increased by +1351%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Kumaran Street's 2024 figure below this median.

Stamp duty and registration fee for property in Kumaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumaran Street?

The Sub Registrar Office that covers Kumaran Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chinnasekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kumaran Street?

The current guideline value of Kumaran Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 69 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of +1351% from 2002 to 2024.

What is the registration office for Kumaran Street?

The registration office for Kumaran Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Kumaran Street?

Stamp duty for properties in Kumaran Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 90,090 for stamp duty and registration fees combined.

What are the guideline values of other streets in Chinnasekkadu?

Other streets in Chinnasekkadu have varying guideline values, with rates ranging from Rs 1,000 to Rs 2,200 per sq.ft. For instance, Kumari Anandan Street and Krishnan Street both have a guideline value of Rs 1,300 per sq.ft in 2024.