Guideline Value for 14th ward

14th Ward guideline value

The current guideline value for 14th Ward, Kunrathour-B village, under the Kunrathur SRO is Rs 1,430 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of 14th Ward has changed

The guideline value for 14th Ward has seen significant changes over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The latest revision in 2024 raised it further to Rs 1,430 per sq.ft, marking a 10% increase from the previous year. The overall increase from 2017 to 2024 is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The transition from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023 represents a substantial increase of 49%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing the 14th Ward's 2024 figure below this median.

• Vlc Karuppasamy Nagar: Rs 4,580 per sq.ft (2024)
• Vlc Kambar Nagar Phase-I: Rs 3,440 per sq.ft (2024)
• Vlc Kambar Nagar: Rs 3,440 per sq.ft (2024)
• Vlc Dhanapal Nagar: Rs 2,460 per sq.ft (2024)
• Vishal Nagar Phase I: Rs 1,540 per sq.ft (2024)
• Vishal Nagar Annexe: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in 14th Ward

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 14th Ward?

The 14th Ward is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kunrathour-B. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for 14th Ward?

The current guideline value for 14th Ward, Kunrathour-B village, is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in 14th Ward?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations for 14th Ward?

The Kunrathur Sub Registrar Office handles property registrations for 14th Ward, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What other streets have guideline values in Kunrathour-B?

Other streets in Kunrathour-B include Vlc Karuppasamy Nagar at Rs 4,580 per sq.ft, Vlc Kambar Nagar Phase-I at Rs 3,440 per sq.ft, and several others, with values ranging from Rs 660 to Rs 5,130 per sq.ft.