Guideline Value for KUMARAN ST

Kumaran St guideline value

The current guideline value of Kumaran St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Kumaran St has changed

The guideline value for Kumaran St has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the latest revision in 2024 raised it to Rs 935 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is the same as the guideline value for Kumaran St.

• Kumaran Street & Nagar: Rs 1,310 per sq.ft (2024)
• Kurinji St: Rs 935 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,625 per sq.ft (2024)
• Krishnamurthy St: Rs 935 per sq.ft (2024)
• Krishnamenan St: Rs 935 per sq.ft (2024)
• Lal Bahadur Sasthiri St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran St?

The Sub Registrar Office that covers Kumaran St 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 Vilingiyambakkam

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the sale or purchase of property.

When a property is bought or sold, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property as per the current regulations. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kumaran St?

The current guideline value of Kumaran St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Kumaran St?

Kumaran St is classified as Residential Class II Type - II under the current regulations.

What are the stamp duty rates for properties in Kumaran St?

The stamp duty for properties in Kumaran St is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kumaran St located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.