Guideline Value for Kumaran Street,Balaiah Gardern,Balaiah Nagar,

Kumaran Street,Balaiah Gardern,Balaiah Nagar, guideline value

The current guideline value of Kumaran Street, Balaiah Gardern, Balaiah Nagar, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kumaran Street,Balaiah Gardern,Balaiah Nagar, has changed

The guideline value for Kumaran Street, Balaiah Gardern, Balaiah Nagar, has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, which is a significant increase from the 2017 revision of Rs 2,345 per sq.ft, marking a change of +64%.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only recorded values are from the 2017 and 2024 revisions.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, indicating that Kumaran Street's 2024 figure is above this median.

• Kumaran Street: Rs 3,850 per sq.ft (2024)
• Kuppusamy Nagar: Rs 2,200 per sq.ft (2024)
• Kuppusamy Nagar Extn: Rs 2,200 per sq.ft (2024)
• Kuppusamy Street: Rs 2,750 per sq.ft (2024)
• Kuppusamy Street Cross: Rs 2,750 per sq.ft (2024)
• Kuppusamy Street/Ramalinga Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Street,Balaiah Gardern,Balaiah Nagar,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kumaran Street,Balaiah Gardern,Balaiah Nagar,?

The Sub Registrar Office that covers Kumaran Street, Balaiah Gardern, Balaiah Nagar, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property, safeguarding the interests of both the buyer and the seller.

Frequently asked questions

What is the current guideline value of Kumaran Street, Balaiah Gardern, Balaiah Nagar?

The current guideline value of Kumaran Street, Balaiah Gardern, Balaiah Nagar, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, which is a change of +64%.

Are there any revisions without figures for Kumaran Street?

Yes, the register has no figures for Kumaran Street in the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft, indicating that Kumaran Street's current value is above this median.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.