Guideline Value for Kumaran Nagar 3rd Street

Kumaran Nagar 3rd Street guideline value

The current guideline value of Kumaran Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - II.

How the guideline value of Kumaran Nagar 3rd Street has changed

The guideline value for Kumaran Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, it then dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Notably, there are no recorded figures for Kumaran Nagar 3rd Street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Kumaran Nagar 3rd Street.

• Kumaran Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran Nagar 3rd Street?

The Sub Registrar Office that covers Kumaran Nagar 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property sale.

When a property is bought or sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is aligned with the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kumaran Nagar 3rd Street?

The current guideline value of Kumaran Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, which is the same as the current value for Kumaran Nagar 3rd Street.

What are the stamp duty and registration fees for a property in Kumaran Nagar 3rd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,96,000 based on the current guideline value of Rs 4,400 per sq.ft.

Where is the Sub Registrar Office located for Kumaran Nagar 3rd Street?

The Sub Registrar Office for Kumaran Nagar 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.