Guideline Value for Tamil Kumaran Nagar

Tamil Kumaran Nagar guideline value

The current guideline value of Tamil Kumaran Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Tamil Kumaran Nagar has changed

The guideline value for Tamil Kumaran Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,320 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing the Tamil Kumaran Nagar 2024 figure above that median.

• Tamil Kumaran Nagar Part 1: Rs 1,400 per sq.ft (2024)
• Tamil Nadu Slum Clearance Borad: Rs 770 per sq.ft (2024)
• T.A Janakiraman Nagar: Rs 1,400 per sq.ft (2024)
• Swathi Avenue: Rs 770 per sq.ft (2024)
• Tata Steel Yard: Rs 870 per sq.ft (2024)
• Swami Nagar & Streets: Rs 870 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 rate of Rs 1,320 per sq.ft, the guideline value is Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or 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 Tamil Kumaran Nagar area is covered by the Avadi Sub Registrar Office, located at 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-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must consider this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Tamil Kumaran Nagar?

The current guideline value of Tamil Kumaran Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, representing a total increase of 64% over that period.

What is the land classification of Tamil Kumaran Nagar?

Tamil Kumaran Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for Tamil Kumaran Nagar?

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

How is stamp duty calculated for property in Tamil Kumaran Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,320 per sq.ft would incur a total stamp duty and registration fee of Rs 1,18,800.