Guideline Value for Kumarasamy Green Field

Kumarasamy Green Field guideline value

The current guideline value of Kumarasamy Green Field is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Aamoor village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Kumarasamy Green Field has changed

The guideline value for Kumarasamy Green Field has been consistent in recent years. The 2024 revision sets the value at Rs 200 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 to 2024 revision, there was no change in the guideline value, remaining at Rs 200 per sq.ft. This stability indicates a consistent valuation for the property in this area.

Guideline values in Aamoor

Aamoor village has a range of guideline values across its streets, with 10 streets under the Ponneri SRO carrying a 2024 figure ranging from Rs 175 to Rs 800 per sq.ft. The guideline value for Kumarasamy Green Field aligns with the median value of Rs 200 per sq.ft.

• Manimegalai Nagar: Rs 200 per sq.ft (2024)
• Olive Avenue Phase -II: Rs 175 per sq.ft (2024)
• Olive Avenue Phase -III: Rs 175 per sq.ft (2024)
• Sakthi Sai Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Aadavan Nagar Extention: Rs 598 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarasamy Green Field

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total cost of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumarasamy Green Field?

Kumarasamy Green Field falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aamoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to assess the fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Kumarasamy Green Field?

The current guideline value of Kumarasamy Green Field is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Aamoor and their guideline values?

Other streets in Aamoor have varying guideline values. For example, Manimegalai Nagar and Balaji Nagar both have a guideline value of Rs 200 per sq.ft, while Sakthi Sai Nagar is valued at Rs 400 per sq.ft.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Kumarasamy Green Field?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.