Guideline Value for Kantharupan nagar

Kantharupan nagar guideline value

The current guideline value of Kantharupan nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kantharupan nagar has changed

The guideline value for Kantharupan nagar has seen several revisions over the years. The earliest recorded figure is Rs 300 per sq.ft from the 2007 revision, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, the value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 2,000 per sq.ft, which was then increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 633%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO carrying a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Kantharupan nagar.

• Karaiyanchavadi street (west): Rs 3,250 per sq.ft (2024)
• Karaiyanchavadi vaaniyar street (east): Rs 3,250 per sq.ft (2024)
• Kannampulli chetti street west: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street south: Rs 2,200 per sq.ft (2024)
• Kannampulli chetti street north: Rs 2,200 per sq.ft (2024)
• Karunagaran nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kantharupan nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total costs together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kantharupan nagar?

The Sub Registrar Office that covers Kantharupan nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value helps both parties understand the baseline value of the property. It serves as a reference point for negotiations and ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Kantharupan nagar?

The current guideline value of Kantharupan nagar 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 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 633% over this period.

What are the stamp duty and registration fees for properties in Kantharupan nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Kantharupan nagar?

The Poonamallee Sub Registrar Office covers Kantharupan nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Kantharupan nagar?

Kantharupan nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.