Guideline Value for SRI KUMARAN NAGAR

Sri Kumaran Nagar guideline value

The current guideline value of Sri Kumaran Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Mambakkam village and is classified as Commercial Class I Type - I. The relevant Sub Registrar Office for this location is Gooduvancheri SRO.

How the guideline value of Sri Kumaran Nagar has changed

The guideline value for Sri Kumaran Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 1,500 per sq.ft, representing a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. Sri Kumaran Nagar is situated within this locality, and as of now, there are no other streets in Mambakkam listed under the Gooduvancheri SRO.

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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Thus, the total cost for stamp duty and registration would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Kumaran Nagar?

The Sub Registrar Office that covers Sri Kumaran Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Mambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall costs involved in property transactions. Ensuring that the guideline value is accurately reflected in the sale agreement can help avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Sri Kumaran Nagar?

The current guideline value of Sri Kumaran Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What are the stamp duty and registration fees for property in Sri Kumaran Nagar?

For a property valued at Rs 15,00,000, the stamp duty is Rs 1,05,000 and the registration fee is Rs 30,000, totaling Rs 1,35,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Sri Kumaran Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Kumaran Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Mambakkam under the Gooduvancheri SRO?

Currently, there are no other streets in Mambakkam listed under the Gooduvancheri SRO. Sri Kumaran Nagar is the only street mentioned in this context.