Guideline Value for Kumarasamy Rajapuram

Kumarasamy Rajapuram guideline value

The current guideline value of Kumarasamy Rajapuram is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Kumarasamy Rajapuram has changed

The guideline value for Kumarasamy Rajapuram has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The value rose again to Rs 2,500 per sq.ft in 2023 and is now set at Rs 2,700 per sq.ft for 2024.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 is 8%. The overall increase from 2007 to 2024 is 238%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO, with guideline values ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, placing Kumarasamy Rajapuram's 2024 figure below this median.

• Kumarasamy Raja Ist Street: Rs 2,700 per sq.ft (2024)
• Kumarasamy RaJa 3rd Street: Rs 2,700 per sq.ft (2024)
• Kumarasamy RaJa 2nd Street: Rs 2,700 per sq.ft (2024)
• Kumarappa Street: Rs 7,700 per sq.ft (2024)
• Kunnathamman Naicken Street: Rs 4,800 per sq.ft (2024)
• Kuppu Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kumarasamy Rajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is essential 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 Kumarasamy Rajapuram?

Kumarasamy Rajapuram falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vepery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property transaction occurs, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kumarasamy Rajapuram?

The current guideline value of Kumarasamy Rajapuram is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with notable revisions in 2012, 2017, and 2023.

What is the median guideline value in Vepery?

The median guideline value in Vepery is Rs 4,800 per sq.ft, with Kumarasamy Rajapuram's value being below this median.

What are the stamp duty and registration fees for a property in Kumarasamy Rajapuram?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000, leading to stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Kumarasamy Rajapuram?

The Periamet Sub Registrar Office at 1103, Poonamallee High Road, Chennai-600 003, handles the registration for Kumarasamy Rajapuram.