Guideline Value for Kanumbulli Chetty Street

Kanumbulli Chetty Street guideline value

The current guideline value of Kanumbulli Chetty Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kanumbulli Chetty Street has changed

The guideline value for Kanumbulli Chetty Street has seen several revisions over the years. In 2003, the value was Rs 210 per sq.ft, which increased significantly to Rs 450 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 1,900 per sq.ft, but it then dropped to Rs 1,273 per sq.ft in 2017. Following this, the value increased to Rs 1,900 per sq.ft in 2023 and reached the current rate of Rs 2,090 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 895% from Rs 210 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is the same as the current value for Kanumbulli Chetty Street.

• Kattuppakkam Main Road: Rs 4,290 per sq.ft (2024)
• K.K. Nagar: Rs 2,090 per sq.ft (2024)
• Kumanan Chavadi (Poonamallee High Road): Rs 4,290 per sq.ft (2024)
• Kumaran Nagar: Rs 2,090 per sq.ft (2024)
• Kundrathur Road: Rs 4,290 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Kanumbulli Chetty Street

For a 1,000 sq.ft plot at the current rate of Rs 2,090 per sq.ft, the guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, making the total Rs 1,88,100. It is important to note that the 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 Kanumbulli Chetty Street?

The Sub Registrar Office covering Kanumbulli Chetty Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kattupakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Kanumbulli Chetty Street?

The current guideline value of Kanumbulli Chetty Street is Rs 2,090 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 210 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 895% over this period.

What are the stamp duty and registration fees for property in Kanumbulli Chetty Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,88,100, based on the current guideline value of Rs 2,090 per sq.ft.

Which Sub Registrar Office covers Kanumbulli Chetty Street?

The Kunrathur Sub Registrar Office covers Kanumbulli Chetty Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Kanumbulli Chetty Street?

Kanumbulli Chetty Street is classified as Residential Class I Type - I, indicating its suitability for residential development.