Guideline Value for Kumaran Nagar Ist Street (SlumBoard Allotment)

Kumaran Nagar Ist Street (SlumBoard Allotment) guideline value

The current guideline value of Kumaran Nagar Ist Street (SlumBoard Allotment) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class II Type - II.

How the guideline value of Kumaran Nagar Ist Street (SlumBoard Allotment) has changed

The guideline value for Kumaran Nagar Ist Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% decline. The value climbed to Rs 3,000 per sq.ft again in 2023, and most recently, it rose to Rs 3,300 per sq.ft in 2024, indicating a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 230%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Kumaran Nagar Ist Street's 2024 figure below this median.

• Kumaran Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar SlumBoard Allotment: Rs 3,300 per sq.ft (2024)
• Kumaran Nagar 3 Rd Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Street (SlumBoard Allotment): Rs 3,300 per sq.ft (2024)
• Kumaran Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Kunjitham Gurusamy Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar Ist Street (SlumBoard Allotment)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the 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 Ist Street (SlumBoard Allotment)?

The Sub Registrar Office that covers Kumaran Nagar Ist Street (SlumBoard Allotment) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ayanavaram, as it determines the minimum price at which a property can be registered. When a buyer purchases a property, the registration process will use the guideline value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall costs associated with the transaction. Proper understanding of these values can aid in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Kumaran Nagar Ist Street (SlumBoard Allotment)?

The current guideline value of Kumaran Nagar Ist Street (SlumBoard Allotment) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over the years.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft as of 2024, which is higher than the current value of Kumaran Nagar Ist Street.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where is the Sub Registrar Office located for Kumaran Nagar Ist Street (SlumBoard Allotment)?

The Sub Registrar Office for Kumaran Nagar Ist Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.