Guideline Value for KUMARI ANANDAN STREET

Kumari Anandan Street guideline value

The current guideline value of Kumari Anandan Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kumari Anandan Street has changed

The guideline value for Kumari Anandan Street has undergone several revisions over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 182 per sq.ft in 2003. Following this, the value rose significantly to Rs 500 per sq.ft in 2007, marking an increase of 175%. The value then jumped to Rs 1,200 per sq.ft in 2012, reflecting a 140% rise. However, it saw a decrease to Rs 804 per sq.ft in 2017, a drop of 33%. The guideline value was Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,300 per sq.ft in 2024, which is an increase of 8%.

There are no figures available for Kumari Anandan Street in the revisions for years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 728%.

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, with a median value of Rs 1,100 per sq.ft. The guideline value of Kumari Anandan Street is above this median.

• Kumaran Street: Rs 1,001 per sq.ft (2024)
• Krishnan Street / Krishnan Koil Street: Rs 1,300 per sq.ft (2024)
• Lakshmi Nagar / A.S.P. Nagar: Rs 1,001 per sq.ft (2024)
• Mahatma Gandhi Street: Rs 1,300 per sq.ft (2024)
• Manickam Street / Manicka Naickar Street: Rs 1,001 per sq.ft (2024)
• Manicka Vasagar Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kumari Anandan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumari Anandan Street?

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

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

When buying or selling property in Chinnasekkadu, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is used by the registration department to assess the applicable charges based on the property size and location.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction, including the fees that must be paid during registration. Understanding this value can help in planning the financial aspects of property transactions.

Frequently asked questions

What is the current guideline value of Kumari Anandan Street?

The current guideline value of Kumari Anandan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 157 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 728% over the years.

What is the registration office for Kumari Anandan Street?

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

How is stamp duty calculated in Kumari Anandan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 91,000.

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, Kumaran Street has a guideline value of Rs 1,001 per sq.ft, while Krishnan Street and Mahatma Gandhi Street both have a value of Rs 1,300 per sq.ft.