Guideline Value for Kumaran nagar

Kumaran nagar guideline value

The current guideline value of Kumaran nagar is Rs 600 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - II.

How the guideline value of Kumaran nagar has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 600 per sq.ft again, resulting in an overall change of 0% from 2012 to 2023.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures provided for Arungal. Kumaran nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kumaran nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumaran nagar?

Kumaran nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Arungal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property in Kumaran nagar, the guideline value will influence the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Kumaran nagar?

The current guideline value of Kumaran nagar is Rs 600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Kumaran nagar was Rs 600 per sq.ft in 2012, decreased to Rs 402 per sq.ft in 2017, and then returned to Rs 600 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024.

What are the stamp duty and registration fees for properties in Kumaran nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kumaran nagar?

Kumaran nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Kumaran nagar?

Kumaran nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes within the local planning framework.