Guideline Value

Corporate

Guideline Value for Kumaran Colony 5th Street

₹6050/sq.ft.

The guideline value for Kumaran Colony 5th 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 ₹1229 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1125 /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 5th Street

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Kumaran Colony 5th Street guideline value

The current guideline value of Kumaran Colony 5th Street is Rs 6,050 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of Kumaran Colony 5th Street has changed

The guideline value for Kumaran Colony 5th Street has seen several revisions over the years. In 2002, the value was Rs 1,125 per sq.ft, which increased to Rs 1,229 per sq.ft in 2003. The value continued to rise, reaching Rs 1,800 per sq.ft in 2007, and then saw a significant jump to Rs 5,500 per sq.ft in 2012. However, it decreased to Rs 3,685 per sq.ft in 2017. The value then rose again to Rs 5,500 per sq.ft in 2023, before reaching the current rate of Rs 6,050 per sq.ft in 2024.

Between the revisions, the most notable changes include a 206% increase from 2007 to 2012, followed by a 49% increase from 2017 to 2023. The current revision from 2023 to 2024 reflects a 10% increase. The register has no figure for the years not mentioned in this summary.

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 guideline value for these streets is Rs 4,400 per sq.ft, placing Kumaran Colony 5th Street above this median.

Stamp duty and registration fee for property in Kumaran Colony 5th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kumaran Colony 5th Street?

The Kumaran Colony 5th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kumaran Colony 5th Street?

The current guideline value of Kumaran Colony 5th 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 1,125 per sq.ft in 2002 to Rs 6,050 per sq.ft in 2024, with several revisions occurring in between.

What is the land classification for Kumaran Colony 5th Street?

The land classification for Kumaran Colony 5th Street is Mixed Special Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 60,50,000, the stamp duty would be Rs 4,23,500 and the registration fee would be Rs 1,21,000, totaling Rs 5,44,500.

Which office handles the registration for Kumaran Colony 5th Street?

The registration for Kumaran Colony 5th Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.