Guideline Value for KUMARASAAMY GARDEN

Kumarasaamy Garden guideline value

The current guideline value of Kumarasaamy Garden is Rs 896 per sq.ft, effective from 1 July 2024. This area is located in Orathur village under the Gooduvancheri SRO, classified as Mixed Type - II land.

How the guideline value of Kumarasaamy Garden has changed

The guideline value for Kumarasaamy Garden has seen several revisions over the years. The 2017 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 896 per sq.ft, reflecting a 49% increase from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change, maintaining the value at Rs 896 per sq.ft. The overall change from 2017 to 2024 is a significant increase of 49%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median value for these streets is Rs 500 per sq.ft, positioning Kumarasaamy Garden's 2024 value above the median.

• Kumarasami Garden Phase - II: Rs 896 per sq.ft (2024)
• Kowshik Nagar: Rs 400 per sq.ft (2024)
• Karthik Nagar EXTN I,II: Rs 500 per sq.ft (2024)
• Karthik Nagar: Rs 500 per sq.ft (2024)
• Maniyammai Nagar: Rs 505 per sq.ft (2024)
• Maniyammai Nagar Phase-III: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarasaamy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 896 per sq.ft, the total guideline value amounts to Rs 8,96,000. The stamp duty at 7% would be Rs 62,720, and the registration fee at 2% would be Rs 17,920. Together, the total cost for these fees would be Rs 80,640. It's 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 precise calculations.

Which Sub Registrar Office covers Kumarasaamy Garden?

The Kumarasaamy Garden area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Orathur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This value is periodically revised, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Kumarasaamy Garden?

The current guideline value of Kumarasaamy Garden is Rs 896 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 896 per sq.ft from 2023 to 2024. However, it increased from Rs 600 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Kumarasaamy Garden?

Kumarasaamy Garden is classified as Mixed Type - II land, which is a designation used for various types of land use in the area.

Where can I find the registration office for Kumarasaamy Garden?

The registration office for Kumarasaamy Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kumarasaamy Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 8,96,000, leading to a stamp duty of Rs 62,720.