Guideline Value for Kudumi Street

Kudumi Street guideline value

The current guideline value of Kudumi Street in Kunrathour-B village is Rs 1,430 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Kudumi Street has changed

The guideline value for Kudumi Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 shows an increase to Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Kudumi Street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Kudumi Street's 2024 figure below that median.

• Kumaran Avenue: Rs 1,920 per sq.ft (2024)
• Kumaran Nagar: Rs 1,430 per sq.ft (2024)
• Krishna Nagar: Rs 1,430 per sq.ft (2024)
• Kumudam Enclave: Rs 4,620 per sq.ft (2024)
• Kundrathur Garden: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Kudumi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,430 per sq.ft, the guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total charges to Rs 1,28,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kudumi Street?

The Sub Registrar Office that covers Kudumi 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 Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kudumi Street?

The current guideline value of Kudumi Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current guideline value of Kudumi Street.

What are the registration fees for property in Kudumi Street?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations for Kudumi Street?

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