Guideline Value for Kumarappan Street

Kumarappan Street guideline value

The current guideline value of Kumarappan Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kumarappan Street has changed

The guideline value for Kumarappan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 1,300 per sq.ft, reflecting a significant increase of 62% from the previous figure.

Overall, comparing the 2007 and 2024 revisions, the guideline value has increased by 117%. It is important to note that the register has no figures for the years 2002, 2003, and 2023 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Kumarappan Street's 2024 figure below that median.

• Kumarasamy Lane: Rs 1,300 per sq.ft (2024)
• Kumaresan Street: Rs 1,300 per sq.ft (2024)
• Kumaran Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Kumaran Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Kuppu Chetty Street (Kuppa Chetty Street): Rs 1,300 per sq.ft (2024)
• Kuppu Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kumarappan Street?

The Sub Registrar Office that covers Kumarappan Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives appropriate revenue based on the property's value as assessed by the guideline rates.

When selling property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a transparent and fair transaction.

Frequently asked questions

What is the current guideline value of Kumarappan Street?

The current guideline value of Kumarappan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117% over this period.

What are the stamp duty and registration fees for property in Kumarappan Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Kumarappan Street?

The Royapuram Sub Registrar Office covers Kumarappan Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

Where can I find more information about the guideline values in Tondaiarpet?

For more information about guideline values in Tondaiarpet, you can refer to the Registration Department's guideline value register (TNReginet) or consult the local Sub Registrar Office.