Guideline Value for Kumarappa Salai

Kumarappa Salai guideline value

The current guideline value of Kumarappa Salai is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Kumarappa Salai has changed

The guideline value for Kumarappa Salai has seen several revisions over the years. The 2012 revision set the value at Rs 2,400 per sq.ft, which decreased to Rs 1,608 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,400 per sq.ft, and the latest 2024 revision has raised it further to Rs 2,640 per sq.ft.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, placing Kumarappa Salai's 2024 figure above this median.

• Kumaran Nagar - S.No.270/2: Rs 2,310 per sq.ft (2024)
• Kundu Medu: Rs 1,980 per sq.ft (2024)
• Kumaran Nagar: Rs 2,310 per sq.ft (2024)
• Kurinchi Nagar Saranga Avenue Link Road: Rs 3,960 per sq.ft (2024)
• Kurinji Nagar: Rs 2,970 per sq.ft (2024)
• Kurinji Nagar Extension: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarappa Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value is Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, resulting in a total of Rs 2,37,600. Note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumarappa Salai?

The Kumarappa Salai area falls under the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Perungalathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kumarappa Salai?

The current guideline value of Kumarappa Salai is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the registration fee for properties in Kumarappa Salai?

The registration fee is 2% of the guideline value. For a property valued at Rs 26,40,000, the registration fee would be Rs 52,800.

Where can I find the Sub Registrar Office for Kumarappa Salai?

The Sub Registrar Office covering Kumarappa Salai is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Kumarappa Salai?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800.