Guideline Value

Corporate

Guideline Value for KUNDRATHOOR ROAD 24 TO 130

₹2740/sq.ft.

The guideline value for Kundrathoor Road 24 To 130 in Poonthamallee village (Poonamallee SRO, Chennai zone) is Rs 2740 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Poonthamallee

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2740 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]
Records for a plot on Kundrathoor Road 24 To 130

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Kundrathoor Road 24 To 130 guideline value

The current guideline value for Kundrathoor Road 24 To 130 is Rs 2,740 per sq.ft, effective from 1 July 2024. This property is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kundrathoor Road 24 To 130 has changed

The guideline value for Kundrathoor Road 24 To 130 has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. This was a reduction of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft. The most recent revision in 2024 set the value at Rs 2,740 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for Kundrathoor Road in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kundrathoor Road 24 To 130 above this median.

Stamp duty and registration fee for property in Kundrathoor Road 24 To 130

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, while the registration fee at 2% would be Rs 54,800. Together, these fees would total Rs 2,46,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Kundrathoor Road 24 To 130?

The Sub Registrar Office covering Kundrathoor Road 24 To 130 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the agreed sale price. This ensures transparency in property transactions and helps avoid undervaluation.

Frequently asked questions

What is the current guideline value of Kundrathoor Road 24 To 130?

The current guideline value of Kundrathoor Road 24 To 130 is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,740 per sq.ft in 2024.

What is the median guideline value in Poonthamallee?

The median guideline value for streets in Poonthamallee is Rs 2,200 per sq.ft, which is lower than the current value of Kundrathoor Road 24 To 130.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot at Rs 2,740 per sq.ft, the total fees would be Rs 2,46,600.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Kundrathoor Road 24 To 130 is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details online.