Guideline Value for Kudiarasu Nagar

Kudiarasu Nagar guideline value

The current guideline value of Kudiarasu Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kudiarasu Nagar has changed

Since the earliest revision, the guideline value for Kudiarasu Nagar has seen several changes. In 2007, the guideline value was Rs 68 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it dropped to Rs 201 per sq.ft in 2017, before returning to Rs 300 per sq.ft in both the 2023 and 2024 revisions. There are no figures available in the register for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2007 to 2024 is a notable 341%. The guideline value remained stable at Rs 300 per sq.ft from 2023 to 2024, indicating no change during this period.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Kudiarasu Nagar's current value above this median.

• Kulakkarai Street: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• Kambar Street: Rs 150 per sq.ft (2024)
• Jothi Pasu Nagar: Rs 500 per sq.ft (2024)
• J.J.Nagar Main Road: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kudiarasu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kudiarasu Nagar?

The Sub Registrar Office that covers Kudiarasu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is important for tax purposes. Both the buyer and seller need to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kudiarasu Nagar?

The current guideline value of Kudiarasu Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting at Rs 68 per sq.ft in 2007, increasing to Rs 300 per sq.ft in 2012, dropping to Rs 201 per sq.ft in 2017, and remaining at Rs 300 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kunduperumpedu?

The median guideline value in Kunduperumpedu is Rs 200 per sq.ft, with Kudiarasu Nagar's current value being above this median.

What are the stamp duty rates for property in Kudiarasu Nagar?

The stamp duty for property in Kudiarasu Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kudiarasu Nagar located?

The Sub Registrar Office for Kudiarasu Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.