Guideline Value for Kumaran Nagar 4th street

Kumaran Nagar 4th street guideline value

The current guideline value of Kumaran Nagar 4th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Kumaran Nagar 4th street has changed

The guideline value for Kumaran Nagar 4th street has undergone several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft. The latest revision in 2024 has set the value at Rs 1,300 per sq.ft, reflecting a significant increase of 62% from the 2017 figure.

Overall, from the 2007 to the 2024 revision, the guideline value has increased by 117%. The register does not have figures for the years 2002, 2003, or 2023 for this street.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Kumaran Nagar 4th street's 2024 figure below that median.

• Kumaran Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Kumaran Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Kumaran Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Kumarappan Street: Rs 1,300 per sq.ft (2024)
• Kumarasamy Lane: Rs 1,300 per sq.ft (2024)
• Kumaresan Street: Rs 1,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 4th street?

The Sub Registrar Office that covers Kumaran Nagar 4th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It determines the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. This helps in establishing a fair and consistent approach to property valuation.

Frequently asked questions

What is the current guideline value for Kumaran Nagar 4th street?

The current guideline value for Kumaran Nagar 4th street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office handles registrations for this street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, handles registrations for Kumaran Nagar 4th street.

Are there other streets with the same guideline value in Tondaiarpet?

Yes, several other streets in Tondaiarpet have the same guideline value of Rs 1,300 per sq.ft, including Kumaran Nagar 1st, 2nd, and 3rd streets, as well as Kumarappan Street, Kumarasamy Lane, and Kumaresan Street.