Guideline Value

Corporate

Guideline Value for Kumarappa Lane

₹6000/sq.ft.

The guideline value for Kumarappa Lane in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Kumarappa Lane guideline value

The current guideline value of Kumarappa Lane is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the Chennai Central Joint II SRO, classified as Residential Class IV Type - I.

How the guideline value of Kumarappa Lane has changed

In the 2007 revision, the guideline value was Rs 1,800 per sq.ft. This figure saw a significant increase in 2012, where it rose to Rs 5,500 per sq.ft, marking a change of +206%. However, in the 2017 revision, the value decreased to Rs 3,685 per sq.ft, a drop of -33%. The value then increased to Rs 5,500 per sq.ft in the 2023 revision, reflecting a rise of +49%. The latest revision in 2024 set the value at Rs 6,000 per sq.ft, an increase of +9% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Kumarappa Lane. Overall, from 2007 to 2024, the guideline value has increased by +233%.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, making Kumarappa Lane's 2024 figure of Rs 6,000 per sq.ft below the median.

Stamp duty and registration fee for property in Kumarappa Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that the 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 Kumarappa Lane?

The Sub Registrar Office that covers Kumarappa Lane is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the fees based on the property size and location. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kumarappa Lane?

The current guideline value of Kumarappa Lane is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, an overall increase of +233%.

What are the other streets in Nungambakkam with their guideline values?

Other streets in Nungambakkam include Kumarappa Street at Rs 7,700 per sq.ft, Kushkumar Road and Lake Area 1st and 2nd Cross Street at Rs 8,800 per sq.ft, and Lady Madhavan Road at Rs 9,900 per sq.ft.

What are the stamp duty and registration fees for properties in Kumarappa Lane?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles the registration for Kumarappa Lane?

The registration for Kumarappa Lane is handled by the Chennai Central Joint II Sub Registrar Office located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.