Guideline Value for Kumaran Street

Kumaran Street guideline value

The current guideline value of Kumaran Street, located in Ammayarkuppam village under the Ramakrishna Rajupettai SRO, is Rs 260 per sq.ft, effective from 1 July 2024. This street falls within the Residential Class I Type - I land classification.

How the guideline value of Kumaran Street has changed

The guideline value for Kumaran Street has seen several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 260 per sq.ft in 2012. However, it dropped to Rs 174 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to Rs 260 per sq.ft, and it remained unchanged at this rate through the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for Kumaran Street. Overall, from 2007 to 2024, the guideline value has increased by 160%, reflecting the changes in the local real estate landscape.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which is the same as the guideline value for Kumaran Street.

• Kulakarai St: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Harijana Colony: Rs 150 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)
• Koil Street: Rs 260 per sq.ft (2024)
• L.N. Koil Street: Rs 260 per sq.ft (2024)
• Mangala Kizhar Steet: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, making the total cost for these fees Rs 23,400. Please note that 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Kumaran Street?

Kumaran Street falls under the jurisdiction of the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Ammayarkuppam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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 Street?

The current guideline value of Kumaran Street is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and increased again to Rs 260 per sq.ft in 2023 and 2024.

What is the stamp duty on property in Kumaran Street?

The stamp duty on property in Kumaran Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kumaran Street located?

The Sub Registrar Office for Kumaran Street is the Ramakrishna Rajupettai SRO, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

What are the guideline values of other streets in Ammayarkuppam?

Other streets in Ammayarkuppam have guideline values ranging from Rs 150 to Rs 260 per sq.ft, with the median being Rs 260 per sq.ft, which is the same as Kumaran Street's guideline value.