Guideline Value for Kumaran Street (Puthur)

Kumaran Street (Puthur) guideline value

The current guideline value of Kumaran Street (Puthur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kumaran Street (Puthur) has changed

The guideline value for Kumaran Street (Puthur) has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, there was a notable decrease to Rs 1,206 per sq.ft in 2017. Following that, the value rose to Rs 1,800 per sq.ft in 2023 and further increased to Rs 1,900 per sq.ft in 2024, marking a 6% increase from the previous year.

In summary, from 2007 to 2024, the overall increase in the guideline value is 280%. The revisions for 2002 and 2003 do not have any figures available for this street.

Guideline values in Oragadam

In Oragadam, there are a total of 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kumaran Street (Puthur) below that median.

• Kumaran Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Kumaran Street (V.L. Puram): Rs 2,400 per sq.ft (2024)
• Kumaran Street (1st Ward): Rs 1,400 per sq.ft (2024)
• Kumarasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kumaran Cross Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kumaran Cross Street (Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Street (Puthur)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total fees together to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kumaran Street (Puthur)?

Kumaran Street (Puthur) falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kumaran Street (Puthur)?

The current guideline value of Kumaran Street (Puthur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 280% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Kumaran Street (Puthur)?

Kumaran Street (Puthur) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Kumaran Street (Puthur)?

The land classification for Kumaran Street (Puthur) is Residential Class I Type - I, indicating its suitability for residential development.