Guideline Value for Kumaran Street

Kumaran Street guideline value

The current guideline value of Kumaran Street in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III 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 the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, it then decreased to Rs 670 per sq.ft in the 2017 revision, representing a 33% drop. The value rose again to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for Kumaran Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Kumaran Street.

• K.K.R. Millinium City: Rs 879 per sq.ft (2024)
• Kaviyarasu Street: Rs 1,100 per sq.ft (2024)
• Kavi Kalamegam Street: Rs 1,100 per sq.ft (2024)
• Kattapomman Street: Rs 550 per sq.ft (2024)
• Kattapomman Cross Street: Rs 550 per sq.ft (2024)
• Manimegalai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Kumaran Street?

The Sub Registrar Office that covers Kumaran Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value. Buyers and sellers must be aware of the current guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Kumaran Street?

The current guideline value of Kumaran Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the other streets in Periyakuppam with similar guideline values?

Other streets in Periyakuppam with a guideline value of Rs 1,100 per sq.ft include Kaviyarasu Street, Kavi Kalamegam Street, and Manimegalai Street.

What is the stamp duty rate for properties in Kumaran Street?

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

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

The Sub Registrar Office for Kumaran Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.