Guideline Value for Kumaran nagar

Kumaran nagar guideline value

The current guideline value of Kumaran nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_C village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Kumaran nagar has changed

Over the years, the guideline value for Kumaran nagar has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

The current figure of Rs 550 per sq.ft represents the latest adjustment in the guideline value. Prior to this, the guideline value was Rs 500 per sq.ft in 2023. The increase reflects the latest assessment of property values in the area.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, positioning Kumaran nagar's 2024 figure above this median.

• Kayathiri Nagar: Rs 550 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Mahidhara supreme classic: Rs 1,200 per sq.ft (2024)
• Kari Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Kalasethra Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is calculated at 7%, which comes to Rs 38,500, and the registration fee at 2% totals Rs 11,000. Together, the total charges would be Rs 49,500. 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?

The Sub Registrar Office that covers Kumaran nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vadakal_C. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When you proceed with a property transaction, the guideline value will be considered alongside the sale price. The higher of the two will be used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kumaran nagar?

The current guideline value of Kumaran nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Kumaran nagar was Rs 500 per sq.ft in 2023 and increased to Rs 550 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kumaran nagar?

Kumaran nagar is classified as Residential Special Type - I under the current guideline value register.

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

The Sub Registrar Office for Kumaran nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kumaran nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 38,500.