Guideline Value for Gurukkal Street

Gurukkal Street guideline value

The current guideline value of Gurukkal Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Gurukkal Street has changed

The guideline value for Gurukkal Street has undergone several revisions over the years. The earliest recorded revision is from 2017, with a value of Rs 871 per sq.ft. This was followed by a significant increase to Rs 1,300 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Kunrathour-B

In Kunrathour-B village, there are a total of 325 streets that carry a guideline value for 2024, 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 Gurukkal Street's 2024 value below this median.

• Green County Avenue: Rs 2,630 per sq.ft (2024)
• Govindraj Nagar: Rs 1,760 per sq.ft (2024)
• I.V. Avenue: Rs 1,760 per sq.ft (2024)
• Jaganathapuram: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 1st Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram 2nd Street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Gurukkal Street

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. Thus, the total cost for these fees would be Rs 1,28,700. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gurukkal Street?

The Sub Registrar Office that covers Gurukkal 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 plays a crucial role during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Gurukkal Street?

The current guideline value of Gurukkal Street 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 from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. The overall increase from 2017 to 2024 is 64%.

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft for the year 2024. Gurukkal Street's value is below this median.

What are the stamp duty and registration fees for properties in Gurukkal Street?

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Gurukkal Street?

The Kunrathur Sub Registrar Office handles the registration for Gurukkal Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.