Guideline Value for Kumaran Nagar

Kumaran Nagar guideline value

The current guideline value of Kumaran Nagar, located in Vallam village under the Sriperumpudur SRO, is Rs 200 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kumaran Nagar has changed

The guideline value for Kumaran Nagar has remained consistent at Rs 200 per sq.ft for the revisions in 2023 and 2024, showing no change between these two years. For the years prior, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has been stable at Rs 200 per sq.ft from 2023 to 2024, with no recorded figures in earlier revisions for this specific street. This consistency indicates a steady valuation for Kumaran Nagar over the recent years.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 200 per sq.ft. Kumaran Nagar's 2024 guideline value is equal to this median.

• Little Farms: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 410 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Kamachi Nagar: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumaran Nagar?

The Kumaran Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is crucial during property transactions in Vallam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Both buyers and sellers should be aware that the guideline value serves as a reference point for the transaction value, impacting the overall costs associated with property registration. This ensures transparency and consistency in the property market.

Frequently asked questions

What is the current guideline value of Kumaran Nagar?

The current guideline value of Kumaran Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kumaran Nagar has remained at Rs 200 per sq.ft for both 2023 and 2024. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the classification of land in Kumaran Nagar?

Kumaran Nagar is classified as Residential Class III Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for Kumaran Nagar?

The Sub Registrar Office covering Kumaran Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration-related activities for the area.

How is the stamp duty calculated for properties in Kumaran Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.