Guideline Value for KUNDANATHAN NAGAR EXTN-2 (CHEN)

Kundanathan Nagar Extn-2 (Chen) guideline value

The current guideline value of Kundanathan Nagar Extn-2 (Chen) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kundanathan Nagar Extn-2 (Chen) has changed

The guideline value for Kundanathan Nagar Extn-2 (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change has been a 10% increase. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the guideline value register.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which aligns with the current guideline value of Kundanathan Nagar Extn-2 (Chen).

• Kunthanathar Nagar: Rs 880 per sq.ft (2024)
• Kulakkarai Street (Chen): Rs 660 per sq.ft (2024)
• Lakshmi Nagar (Chen): Rs 880 per sq.ft (2024)
• Lakshmi Narasimman Nagar (Chen): Rs 770 per sq.ft (2024)
• Kozhi Pannai (Chen): Rs 880 per sq.ft (2024)
• Kottapuli Varadharajan Nagar: Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Kundanathan Nagar Extn-2 (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kundanathan Nagar Extn-2 (Chen)?

The Sub Registrar Office that covers Kundanathan Nagar Extn-2 (Chen) is the Chengleput Joint II 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 Sengundram - 1

The guideline value is an important factor when registering property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with the local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, which are essential for the legal transfer of ownership. This ensures that all transactions are recorded accurately and transparently in the official registry.

Frequently asked questions

What is the current guideline value of Kundanathan Nagar Extn-2 (Chen)?

The current guideline value of Kundanathan Nagar Extn-2 (Chen) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Kundanathan Nagar Extn-2 (Chen)?

The land classification for Kundanathan Nagar Extn-2 (Chen) is Residential Class I Type - I.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kundanathan Nagar Extn-2 (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.