Guideline Value for Kumaran Nagar

Kumaran Nagar guideline value

The current guideline value of Kumaran Nagar is Rs 1,150 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Kumaran Nagar has changed

The guideline value for Kumaran Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 450 per sq.ft. This increased significantly to Rs 1,150 per sq.ft in the 2012 revision, marking a rise of 156%. However, in the 2017 revision, the value dropped to Rs 770 per sq.ft, which represented a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,150 per sq.ft, reflecting an increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 156%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Kumaran Nagar is one of the streets in Kilambakkam, which is under the jurisdiction of the Gooduvancheri SRO. Unfortunately, there are no specific village figures available for this area.

Stamp duty and registration fee for property in Kumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,150 per sq.ft, the total guideline value would be Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would amount to Rs 23,000, making the total cost Rs 1,03,500. 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?

The Sub Registrar Office that covers Kumaran Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kumaran Nagar?

The current guideline value of Kumaran Nagar is Rs 1,150 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 450 per sq.ft in 2007 to Rs 1,150 per sq.ft in 2012, then dropping to Rs 770 per sq.ft in 2017, and finally returning to Rs 1,150 per sq.ft in 2023.

What is the land classification for Kumaran Nagar?

Kumaran Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

How is stamp duty calculated in Kumaran Nagar?

Stamp duty in Kumaran Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.