Guideline Value for Kumudam Enclave

Kumudam Enclave guideline value

The current guideline value of Kumudam Enclave is Rs 4,620 per sq.ft, effective from 1 July 2024. This property is located in Kunrathour-B village under the Kunrathur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kumudam Enclave has changed

Over the years, the guideline value for Kumudam Enclave has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 4,200 per sq.ft, which increased by 10% to Rs 4,620 per sq.ft in the 2024 revision.

This increase from 2023 to 2024 reflects a notable change in the guideline value. The 2024 figure is significantly above the median guideline value of Rs 1,540 per sq.ft for the 325 streets in Kunrathour-B under the Kunrathur SRO.

Guideline values in Kunrathour-B

Kumudam Enclave's guideline value is higher than the median value in Kunrathour-B. The village has a range of guideline values from Rs 660 to Rs 5,130 per sq.ft. Below are the guideline values for other streets in Kunrathour-B:

• Kundrathur Garden: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase II: Rs 1,430 per sq.ft (2024)
• Kundrathur New Town: Rs 3,440 per sq.ft (2024)
• kundrathur new town phase-II: Rs 3,440 per sq.ft (2024)
• Kundrathur New Town Phase - III: Rs 4,180 per sq.ft (2024)

Stamp duty and registration fee for property in Kumudam Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be Rs 46,20,000. The stamp duty at 7% would amount to Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, totaling Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kumudam Enclave?

The Sub Registrar Office that covers Kumudam Enclave is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When registering a property, it is essential to be aware of the guideline value as it directly influences the financial obligations associated with the transaction. Buyers and sellers should always check the latest guideline values to understand their potential costs accurately.

Frequently asked questions

What is the current guideline value of Kumudam Enclave?

The current guideline value of Kumudam Enclave is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2023 to Rs 4,620 per sq.ft in 2024, marking a 10% increase. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Kumudam Enclave?

Kumudam Enclave is classified as Residential Class IV Type - I. This classification affects the guideline value applicable to properties in this area.

Where can I find the Sub Registrar Office for Kumudam Enclave?

The Sub Registrar Office for Kumudam Enclave is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registration processes for properties in the area.

How is the stamp duty calculated for properties in Kumudam Enclave?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 46,20,000, the stamp duty at 7% would be Rs 3,23,400.