Guideline Value for SRI KUMARAN NAGAR

Sri Kumaran Nagar guideline value

The current guideline value of Sri Kumaran Nagar, located in Pulipakkam village, is Rs 600 per sq.ft. This value is effective from the 2024 revision and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Kumaran Nagar has changed

The guideline value for Sri Kumaran Nagar has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 140% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The value then saw a substantial increase of 49% to Rs 600 per sq.ft in 2023, and it remained unchanged at Rs 600 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 140%.

Guideline values in Pulipakkam

In Pulipakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 1,000 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value of Sri Kumaran Nagar.

• Sri Badmanaban Nagar: Rs 600 per sq.ft (2024)
• Purusothaman Nagar: Rs 600 per sq.ft (2024)
• Pallavan Nagar: Rs 600 per sq.ft (2024)
• Pallava Garden: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty, charged at 7%, would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000. Together, the total cost for these fees would be Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Kumaran Nagar?

Sri Kumaran Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Pulipakkam, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Proper understanding of the guideline value helps in ensuring compliance with local regulations and avoids any potential legal issues during property registration.

Frequently asked questions

What is the current guideline value of Sri Kumaran Nagar?

The current guideline value of Sri Kumaran Nagar is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 250 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then it decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023 and 2024.

What are the other streets in Pulipakkam with their guideline values?

Other streets in Pulipakkam include Sri Badmanaban Nagar, Purusothaman Nagar, Pallavan Nagar, Pallava Garden, Nu-Tech Gardenia Phase - II, and Nu-Tech Gardenia Phase - III, with values ranging from Rs 600 to Rs 1,000 per sq.ft.

What is the stamp duty rate in Sri Kumaran Nagar?

The stamp duty rate in Sri Kumaran Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Kumaran Nagar?

The Chengleput Joint II Sub Registrar Office, which covers Sri Kumaran Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.