Guideline Value for Gundur Kutta karai

Gundur Kutta karai guideline value

The current guideline value of Gundur Kutta karai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Gundur Kutta karai has changed

Over the years, the guideline value of Gundur Kutta karai has seen several revisions. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which marks a 10% increase from Rs 2,000 per sq.ft in 2023. Prior to that, the value was Rs 1,340 per sq.ft in 2017, reflecting a 49% increase since then. The 2012 revision also recorded a value of Rs 2,000 per sq.ft, which was a decrease of 33% from Rs 2,000 per sq.ft in 2017. The 2007 revision set the value at Rs 450 per sq.ft, which was a significant increase of 344% from the previous revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 389%.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 3,025 per sq.ft. The guideline value for Gundur Kutta karai is below this median.

• Gundur Colony Road: Rs 2,200 per sq.ft (2024)
• Gundur Mettu Street: Rs 2,475 per sq.ft (2024)
• Gundur Colony: Rs 2,200 per sq.ft (2024)
• Gundur Parameswarapuram: Rs 2,420 per sq.ft (2024)
• Gundur Church Road: Rs 2,200 per sq.ft (2024)
• Illuputhopu: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Gundur Kutta karai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gundur Kutta karai?

The Sub Registrar Office that covers Gundur Kutta karai is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Gundur Kutta karai?

The current guideline value of Gundur Kutta karai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 389% over the years.

What are the other streets with similar guideline values in Chengalpattu Town?

Other streets in Chengalpattu Town have varying guideline values, with Gundur Colony Road and Gundur Colony both at Rs 2,200 per sq.ft, while Gundur Mettu Street is at Rs 2,475 per sq.ft in 2024.

What fees are associated with buying property in Gundur Kutta karai?

When buying property in Gundur Kutta karai, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gundur Kutta karai?

The Sub Registrar Office for Gundur Kutta karai is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint I SRO.