Guideline Value for KUMARESAN NAGAR

Kumaresan Nagar guideline value

The current guideline value of Kumaresan Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village under the Poonamallee SRO, classified as Residential Class III Type - II.

How the guideline value of Kumaresan Nagar has changed

The guideline value for Kumaresan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, set at Rs 1,200 per sq.ft. This amount increased to Rs 1,650 per sq.ft in the 2023 revision, representing a 38% rise. The 2024 revision maintained this value at Rs 1,650 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 38%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value range from Rs 730 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Kumaresan Nagar's 2024 figure above this median.

• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)
• Kurinji nagar: Rs 1,100 per sq.ft (2024)
• Kumaran nagar: Rs 1,100 per sq.ft (2024)
• Kslashtri Nagar Extension: Rs 1,320 per sq.ft (2024)
• Kslashtri Nagar: Rs 1,320 per sq.ft (2024)
• Kslashtri Moorthy Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaresan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaresan Nagar?

The Sub Registrar Office that covers Kumaresan Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thirumazhisai. It serves as a base value for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kumaresan Nagar?

The current guideline value of Kumaresan Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2023 and 2024, marking a 38% increase overall from 2012 to 2024.

What is the median guideline value in Thirumazhisai?

The median guideline value for the 86 streets in Thirumazhisai is Rs 1,320 per sq.ft, with Kumaresan Nagar's value being above this median.

What are the stamp duty and registration fees for a property in Kumaresan Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for Kumaresan Nagar?

The Sub Registrar Office for Kumaresan Nagar is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details online.