Guideline Value for Kendiraya Vihar

Kendiraya Vihar guideline value

The current guideline value of Kendiraya Vihar is Rs 4,290 per sq.ft, effective from 1 July 2024. This property is located in Noombal village under the Kunrathur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Kendiraya Vihar has changed

The guideline value for Kendiraya Vihar has seen significant changes over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 2,613 per sq.ft. This increased to Rs 3,900 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 4,290 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by 64%. It is important to note that there are no recorded figures for Kendiraya Vihar in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, placing Kendiraya Vihar above this median value.

• Kaveri Nagar: Rs 1,100 per sq.ft (2024)
• Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Kulakarai 1st Street: Rs 2,090 per sq.ft (2024)
• Kulakarai 2nd Street: Rs 2,090 per sq.ft (2024)
• Kulakarai 3rd Street: Rs 2,090 per sq.ft (2024)
• Kannabiran Street Cross Road: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kendiraya Vihar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, while the registration fee at 2% would be Rs 85,800. Together, the total cost for these fees would be Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kendiraya Vihar?

The Sub Registrar Office that covers Kendiraya Vihar 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 Noombal

The guideline value is a crucial factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at an appropriate value, reflecting the market conditions as per the latest revisions. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Kendiraya Vihar?

The current guideline value of Kendiraya Vihar is Rs 4,290 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,613 per sq.ft to Rs 4,290 per sq.ft in 2024, a total increase of 64% over this period.

What is the stamp duty for property in Kendiraya Vihar?

The stamp duty for property in Kendiraya Vihar is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 3,00,300.

Which office handles registrations for Kendiraya Vihar?

The Kunrathur Sub Registrar Office handles registrations for Kendiraya Vihar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically to reflect the current market conditions. It is based on various factors, including land classification and location.