Guideline Value

Corporate

Guideline Value for Kumaran Colony 4th Street

₹6050/sq.ft.

The guideline value for Kumaran Colony 4th Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 6050 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹6050 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1135 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1039 /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 Colony 4th Street

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Kumaran Colony 4th Street guideline value

The current guideline value of Kumaran Colony 4th Street is Rs 6,050 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO, and the land classification is Mixed Special Type - III.

How the guideline value of Kumaran Colony 4th Street has changed

The guideline value for Kumaran Colony 4th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,039 per sq.ft. This increased to Rs 1,135 per sq.ft in 2003, marking a 9% rise. The value then rose significantly to Rs 1,800 per sq.ft in 2007, which was a 59% increase. In 2012, the value was Rs 5,500 per sq.ft, reflecting a substantial increase of 206%. However, the value dropped to Rs 3,685 per sq.ft in 2017, indicating a decrease of 33%. The value climbed again to Rs 5,500 per sq.ft in 2023 and reached Rs 6,050 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 482%. There are no figures available for other revisions for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making the 2024 guideline value of Kumaran Colony 4th Street above this median.

Stamp duty and registration fee for property in Kumaran Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,050 per sq.ft, the total guideline value amounts to Rs 60,50,000. The stamp duty at 7% would be Rs 4,23,500, and the registration fee at 2% would be Rs 1,21,000, bringing the total to Rs 5,44,500. Please note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran Colony 4th Street?

The Sub Registrar Office that covers Kumaran Colony 4th Street 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 Saligramam

The guideline value is an important benchmark used during the registration of property transactions in Saligramam. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kumaran Colony 4th Street?

The current guideline value of Kumaran Colony 4th Street is Rs 6,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,039 per sq.ft in 2002 to Rs 6,050 per sq.ft in 2024, marking an overall increase of 482% over this period.

What is the stamp duty for property in Kumaran Colony 4th Street?

The stamp duty for property in Kumaran Colony 4th Street is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property in Kumaran Colony 4th Street?

The registration fee for property in Kumaran Colony 4th Street is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kumaran Colony 4th Street located?

The Sub Registrar Office for Kumaran Colony 4th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.