Guideline Value for Kumaran Avenue

Kumaran Avenue guideline value

The current guideline value of Kumaran Avenue is Rs 1,920 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Kumaran Avenue has changed

In the 2017 revision, the guideline value for Kumaran Avenue was Rs 1,742 per sq.ft. This figure remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 1,920 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 10%.

The register has no figure for Kumaran Avenue in the years 2002, 2003, 2007, and 2012. This means that the only revisions available for this street are from 2017, 2023, and 2024.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this village is Rs 1,540 per sq.ft, making the current guideline value of Kumaran Avenue above the median.

• Kumaran Nagar: Rs 1,430 per sq.ft (2024)
• Kudumi Street: Rs 1,430 per sq.ft (2024)
• Kumudam Enclave: Rs 4,620 per sq.ft (2024)
• Kundrathur Garden: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase II: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,920 per sq.ft, the total guideline value would be Rs 19,20,000. The stamp duty at 7% would amount to Rs 1,34,400, and the registration fee at 2% would be Rs 38,400. Together, the total cost for stamp duty and registration fees would be Rs 1,72,800. It is important to note that the 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 Kumaran Avenue?

The Sub Registrar Office that covers Kumaran Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Kumaran Avenue?

The current guideline value of Kumaran Avenue is Rs 1,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kumaran Avenue was Rs 1,742 per sq.ft in 2017 and remained the same in 2023. It increased to Rs 1,920 per sq.ft in 2024, marking a 10% increase from 2023.

What is the land classification for Kumaran Avenue?

Kumaran Avenue is classified as Commercial Class I Type - III. This classification affects the guideline value and the type of development permissible in the area.

Where can I find the registration office for Kumaran Avenue?

The registration office for Kumaran Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Kumaran Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,34,400.