Guideline Value for Kumaran Nagar

Kumaran Nagar guideline value

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

How the guideline value of Kumaran Nagar has changed

The guideline value for Kumaran Nagar has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision set the guideline value at Rs 201 per sq.ft, marking a significant increase of 49% to the current rate.

There are no figures available for the revisions in the years 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Kumaran Nagar is below this median.

• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Krishna Nagar: Rs 600 per sq.ft (2024)
• KKR Supreme City: Rs 2,000 per sq.ft (2024)
• Lucky Land: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kumaran Nagar?

Kumaran Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Santhavellur_C. It helps determine the stamp duty and registration fees applicable during the sale or purchase of properties in the area.

When a property is sold, the guideline value serves as a benchmark for calculating the duties owed, ensuring that all transactions are recorded at a fair and consistent value according to the local regulations.

Frequently asked questions

What is the current guideline value of Kumaran Nagar?

The current guideline value of Kumaran Nagar is Rs 300 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 300 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 201 per sq.ft in 2017 to the current value.

What are the other streets in Santhavellur_C with their guideline values?

Other streets in Santhavellur_C include Kullakkarai Street and Lucky Land at Rs 300 per sq.ft, Krishna Nagar at Rs 600 per sq.ft, Mahalakshmi Nagar at Rs 400 per sq.ft, KKR Supreme City at Rs 2,000 per sq.ft, and Mariamman Kovil Street at Rs 250 per sq.ft.

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

The Sub Registrar Office for Kumaran Nagar is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty for properties in Kumaran Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 27,000.