Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Kunrathour-B village, under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Church Street has changed

The guideline value of Church Street has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision has further increased this value by 10%, bringing it to Rs 1,210 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Church Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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, with a median value of Rs 1,540 per sq.ft. The guideline value for Church Street is below this median.

• Chitra Nagar: Rs 1,210 per sq.ft (2024)
• Chithra Nagar: Rs 660 per sq.ft (2024)
• Dayalan Nagar: Rs 1,210 per sq.ft (2024)
• Chekkumedu Vania Street: Rs 1,210 per sq.ft (2024)
• Chandra Nagar: Rs 1,430 per sq.ft (2024)
• Devi Nagar 1st Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kunrathour-B, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and then to Rs 1,210 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for Church Street?

For a property on Church Street valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office is responsible for Church Street?

The Kunrathur Sub Registrar Office covers Church Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Church Street?

Church Street falls under the Residential Class I Type - I land classification, which is important for understanding its use and potential development.