Guideline Value for Kumanan Chavadi (Poonamallee High Road)

Kumanan Chavadi (Poonamallee High Road) guideline value

The current guideline value of Kumanan Chavadi (Poonamallee High Road) is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village, under the Kunrathur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kumanan Chavadi (Poonamallee High Road) has changed

The guideline value for Kumanan Chavadi has seen significant changes over the years. The earliest recorded figure is from 2003, which was Rs 287 per sq.ft. This value increased to Rs 700 per sq.ft in 2007, marking a substantial rise of 144%. In 2012, the guideline value jumped to Rs 3,900 per sq.ft, reflecting an increase of 457%. However, it then decreased to Rs 2,613 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,290 per sq.ft as of the 2024 revision, showing a 10% increase from the previous year. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Kumanan Chavadi's 2024 figure above this median.

• Kumaran Nagar: Rs 2,090 per sq.ft (2024)
• Kundrathur Road: Rs 4,290 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,090 per sq.ft (2024)
• K.K. Nagar: Rs 2,090 per sq.ft (2024)
• Lurthupuram Road: Rs 1,980 per sq.ft (2024)
• Machine Road: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Kumanan Chavadi (Poonamallee High Road)

For a 1,000 sq.ft plot at the current rate of Rs 4,290 per sq.ft, the guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Kumanan Chavadi (Poonamallee High Road)?

The Kumanan Chavadi (Poonamallee High Road) area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kattupakkam. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these charges reflect the official valuation of the property.

When a property is sold, the buyer will pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kumanan Chavadi?

The current guideline value for Kumanan Chavadi (Poonamallee High Road) is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 287 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, representing an overall increase of 1395% over the period.

What is the land classification for Kumanan Chavadi?

Kumanan Chavadi is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Kattupakkam?

Stamp duty for properties in Kattupakkam is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 42,90,000 would incur a stamp duty of Rs 3,00,300 at the rate of 7%.