Guideline Value

Corporate

Guideline Value for BY-PASS ROAD

₹6895/sq.ft.

The guideline value for By-pass Road in Chennerkuppam village (Kunrathur SRO, Chennai zone) is Rs 6895 per sq.ft, effective 1 July 2024. It was Rs 6269 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chennerkuppam

Village

Kunrathur

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6895 /sq.ft.
From 1-4-2023 ₹6269 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4200 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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By-Pass Road guideline value

The current guideline value of By-Pass Road in Chennerkuppam village, under the Kunrathur SRO, is Rs 6,895 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - I.

How the guideline value of By-Pass Road has changed

The guideline value for By-Pass Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 6,895 per sq.ft, which is an increase of 10% from Rs 6,269 per sq.ft in the 2023 revision. Prior to that, in 2017, the value was Rs 4,200 per sq.ft, reflecting a significant increase of 49% over the six years leading up to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Chennerkuppam

In total, there are 74 streets in Chennerkuppam under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing By-Pass Road's 2024 figure above that median.

Stamp duty and registration fee for property in By-Pass Road

For a 1,000 sq.ft plot at the current rate of Rs 6,895 per sq.ft, the guideline value amounts to Rs 68,95,000. The stamp duty at 7% would be Rs 4,82,650, and the registration fee at 2% would be Rs 1,37,900, totaling Rs 6,20,550. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers By-Pass Road?

The By-Pass Road falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional information.

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

The guideline value plays a crucial role in property transactions in Chennerkuppam. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with legal requirements. This value is essential for calculating the applicable fees and ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of By-Pass Road?

The current guideline value of By-Pass Road is Rs 6,895 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 4,200 per sq.ft in 2017 to Rs 6,895 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for By-Pass Road?

By-Pass Road is classified as Commercial Special Type - I, indicating its commercial significance in the area.

Where can I find the registration office for By-Pass Road?

The registration office for By-Pass Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in By-Pass Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 4,82,650 based on the current guideline value.