Guideline Value for Kumaran Nagar (Koyyathoppu)

Kumaran Nagar (Koyyathoppu) guideline value

The current guideline value of Kumaran Nagar (Koyyathoppu) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Kumaran Nagar (Koyyathoppu) has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision sees a significant increase to Rs 2,700 per sq.ft, representing a 61% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register does not contain figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which aligns with the guideline value for Kumaran Nagar (Koyyathoppu).

• Kumaran Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Kuravar Kudisai: Rs 2,200 per sq.ft (2024)
• Kurinji Nagar Cross Street: Rs 2,700 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Krishnan Street (Gandhi Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar (Koyyathoppu)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumaran Nagar (Koyyathoppu)?

The Madhavaram Sub Registrar Office covers Kumaran Nagar (Koyyathoppu). The address is No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. It is used to determine the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Nagar (Koyyathoppu)?

The current guideline value of Kumaran Nagar (Koyyathoppu) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,500 per sq.ft to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024.

What is the land classification for Kumaran Nagar (Koyyathoppu)?

Kumaran Nagar (Koyyathoppu) is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Kumaran Nagar (Koyyathoppu)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.