Guideline Value for Kumaran Cross Street

Kumaran Cross Street guideline value

The current guideline value of Kumaran Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Kumaran Cross Street has changed

The guideline value for Kumaran Cross Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The subsequent revision in 2017 raised the value to Rs 1,000 per sq.ft in 2023, which was then increased to Rs 1,100 per sq.ft in 2024, a growth of 10%.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Kumaran Cross Street.

• Kumanan Street: Rs 1,100 per sq.ft (2024)
• Kumeravel Nagar: Rs 2,200 per sq.ft (2024)
• Kuttaikkarai Street: Rs 2,200 per sq.ft (2024)
• Krishna Nagar: Rs 1,100 per sq.ft (2024)
• Kosa St: Rs 880 per sq.ft (2024)
• Kondammapuram Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that 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 information.

Which Sub Registrar Office covers Kumaran Cross Street?

The Sub Registrar Office that covers Kumaran Cross Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value will affect the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kumaran Cross Street?

The current guideline value of Kumaran Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets in Thiruvallur with similar guideline values?

Other streets in Thiruvallur with a 2024 guideline value of Rs 1,100 per sq.ft include Kumanan Street and Krishna Nagar.

What are the stamp duty and registration fees for properties in Kumaran Cross Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Kumaran Cross Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Kumaran Cross Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.