Guideline Value for KUNTHANATHAR NAGAR

Kunthanathar Nagar guideline value

The current guideline value of Kunthanathar Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Kunthanathar Nagar has changed

Over the years, the guideline value for Kunthanathar Nagar has seen several revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a guideline value of Rs 800 per sq.ft in 2023, which increased to Rs 880 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, the register did not provide any figures for the aforementioned years. The current value of Rs 880 per sq.ft aligns with the median value for the 126 streets in Sengundram - 1 under the Chengleput Joint II SRO, which ranges from Rs 660 to Rs 3,285 per sq.ft.

Guideline values in Sengundram - 1

In Sengundram - 1, the guideline values vary significantly across different streets. The current figures for this street match the median value of Rs 880 per sq.ft. Here are the guideline values for other streets in Sengundram - 1:

• Kundanathan Nagar Extn-2 (Chen): 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 Kunthanathar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kunthanathar Nagar?

The Kunthanathar Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 a crucial factor in determining the amount of stamp duty and registration fees when buying or selling property in Sengundram - 1. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When you proceed with a property transaction, the guideline value will be assessed to calculate the applicable duties. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value for Kunthanathar Nagar?

The current guideline value for Kunthanathar Nagar 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 2023 to Rs 880 per sq.ft in 2024, reflecting a +10% increase. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kunthanathar Nagar?

Kunthanathar Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Kunthanathar Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 8,80,000, the total charges would amount to Rs 79,200.

Where is the Sub Registrar Office for Kunthanathar Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.