Guideline Value

Corporate

Guideline Value for Kumaran Nagar 4th Main Road

₹3301/sq.ft.

The guideline value for Kumaran Nagar 4th Main Road in Peravallur village (Sembiam SRO, Chennai zone) is Rs 3301 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3301 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹453 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Nagar 4th Main Road

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Kumaran Nagar 4th Main Road guideline value

The current guideline value of Kumaran Nagar 4th Main Road is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam Sub Registrar Office (SRO), and the land classification is Residential Special Type - II.

How the guideline value of Kumaran Nagar 4th Main Road has changed

Over the years, the guideline value of Kumaran Nagar 4th Main Road has seen significant changes. The 2003 revision recorded a value of Rs 453 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 121%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a remarkable increase of 200%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,301 per sq.ft in 2024, which is a 10% increase from the previous year.

In summary, the guideline value has increased from Rs 453 per sq.ft in 2003 to Rs 3,301 per sq.ft in 2024, representing an overall increase of 629%. The register has no figure for the year 2002 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, making Kumaran Nagar 4th Main Road's 2024 figure equal to this median.

Stamp duty and registration fee for property in Kumaran Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total to Rs 2,97,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kumaran Nagar 4th Main Road?

The Kumaran Nagar 4th Main Road falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kumaran Nagar 4th Main Road?

The current guideline value of Kumaran Nagar 4th Main Road is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 453 per sq.ft in 2003 to Rs 3,301 per sq.ft in 2024, with several revisions in between, including a significant rise of 200% from 2007 to 2012.

What is the land classification for Kumaran Nagar 4th Main Road?

The land classification for Kumaran Nagar 4th Main Road is Residential Special Type - II, indicating its suitability for residential development.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and it handles registrations for properties in this area.

How is stamp duty calculated for properties in Kumaran Nagar 4th Main Road?

Stamp duty for properties in Kumaran Nagar 4th Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the same value.