Guideline Value for TAMIL KUMARAN NAGAR

Tamil Kumaran Nagar guideline value

The current guideline value of Tamil Kumaran Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class III Type - IV.

How the guideline value of Tamil Kumaran Nagar has changed

In the 2017 revision, the guideline value for Tamil Kumaran Nagar was Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision has increased the guideline value to Rs 880 per sq.ft, reflecting a change of +9% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +9%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value in this village is Rs 750 per sq.ft, placing Tamil Kumaran Nagar's 2024 figure above this median.

• Tamil Kumaran Nagar Part 1: Rs 950 per sq.ft (2024)
• Tamil Nadu Slum Clearance Borad: Rs 750 per sq.ft (2024)
• T.A.Janakiraman Nagar: Rs 950 per sq.ft (2024)
• Swathi Avenue: Rs 750 per sq.ft (2024)
• Tata Steel Yard: Rs 840 per sq.ft (2024)
• Swami Nagar & Streets: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Kumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamil Kumaran Nagar?

The Sub Registrar Office that covers Tamil Kumaran Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Tamil Kumaran Nagar?

The current guideline value of Tamil Kumaran Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking a +9% change. There was no change in the 2023 revision.

What is the land classification of Tamil Kumaran Nagar?

Tamil Kumaran Nagar is classified as Residential Class III Type - IV under the Avadi SRO.

What are the stamp duty and registration fees for properties in Tamil Kumaran Nagar?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Tamil Kumaran Nagar?

The Avadi Sub Registrar Office handles the registration for Tamil Kumaran Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.