Guideline Value for KUMARASAMY 2ND MAIN STREET

Kumarasamy 2nd Main Street guideline value

The current guideline value of Kumarasamy 2nd Main Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kumarasamy 2nd Main Street has changed

The guideline value for Kumarasamy 2nd Main Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. With the 2024 revision, the current value has increased to Rs 3,900 per sq.ft, marking a change of +66% from the previous figure.

It is important to note that there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with figures are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kumarasamy 2nd Main Street above this median.

• Kumarasamy 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 1st Main Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 3rd Main Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Kumarasamy 4th Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarasamy 2nd Main Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumarasamy 2nd Main Street?

The Kumarasamy 2nd Main Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kumarasamy 2nd Main Street?

The current guideline value of Kumarasamy 2nd Main Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, which is an increase of +66%.

Are there any revisions without figures for this street?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for Kumarasamy 2nd Main Street.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is below the current value of Kumarasamy 2nd Main Street.

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

The Neelankarai Sub Registrar Office covers Kumarasamy 2nd Main Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.