Guideline Value

Corporate

Guideline Value for Kumaran Avenue

₹2750/sq.ft.

The guideline value for Kumaran Avenue in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹439 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹404 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kumaran Avenue

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Kumaran Avenue guideline value

The current guideline value of Kumaran Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kumaran Avenue has changed

The guideline value for Kumaran Avenue has seen several revisions over the years. Starting from Rs 404 per sq.ft in 2002, it increased to Rs 439 per sq.ft in 2003, marking a 9% rise. In 2007, the value jumped significantly to Rs 500 per sq.ft, reflecting a 14% increase. The next revision in 2012 saw the value rise to Rs 2,500 per sq.ft, a substantial increase of 400%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, which was a decline of 33%. The most recent revision in 2024 brought the guideline value back up to Rs 2,750 per sq.ft, representing a 64% increase from 2017.

There is no figure available for Kumaran Avenue in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 581%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Kumaran Avenue is below this median.

Stamp duty and registration fee for property in Kumaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, making the total charges Rs 2,47,500. It is important to note that 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 more accurate calculations.

Which Sub Registrar Office covers Kumaran Avenue?

The Sub Registrar Office that covers Kumaran Avenue is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any financial discrepancies during the registration process. The guideline value serves as a benchmark for property transactions, helping to maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Kumaran Avenue?

The current guideline value of Kumaran Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 404 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, with various revisions in between, including a significant drop in 2017.

What is the registration fee for property in Kumaran Avenue?

The registration fee for property in Kumaran Avenue is calculated at 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Where is the Sub Registrar Office for Kumaran Avenue?

The Sub Registrar Office for Kumaran Avenue is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are other streets in Valasaravakkam with similar guideline values?

Other streets in Valasaravakkam with a guideline value of Rs 2,750 per sq.ft include Kumaran Avenue 1st Street, Kumaran Avenue 2nd Street, Kumaran Colony, and Kumaran Street.