Guideline Value for Kunasekarapuram

Kunasekarapuram guideline value

The current guideline value of Kunasekarapuram, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Kunasekarapuram has changed

Over the years, the guideline value of Kunasekarapuram has experienced several revisions. The earliest recorded value was Rs 690 per sq.ft in 2003, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 45%. The value remained unchanged at Rs 3,000 per sq.ft from 2012 until 2023. In 2024, the guideline value was revised to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there were no figures available for the revisions in 2002 and 2017 for this street. The overall increase from the 2003 revision to the 2024 revision stands at 378%, showcasing the substantial growth in the guideline value over the years.

Guideline values in Zaminpallavaram

Zaminpallavaram village contains 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which matches the current value for Kunasekarapuram.

• Kurathiamman Koil Cross Street: Rs 2,750 per sq.ft (2024)
• Kurathiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Kumaran Colony: Rs 3,300 per sq.ft (2024)
• Kurunji Nagar: Rs 3,520 per sq.ft (2024)
• Kuvari Kattabomman Street: Rs 2,160 per sq.ft (2024)
• Kuvari Mettu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kunasekarapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Kunasekarapuram?

The Sub Registrar Office that covers Kunasekarapuram is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property. These fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value helps establish a baseline for the transaction, ensuring that the property is registered at a value that reflects the current market standards set by the local authorities.

Frequently asked questions

What is the current guideline value of Kunasekarapuram?

The current guideline value of Kunasekarapuram is Rs 3,300 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 690 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 378% over the years.

What is the land classification for Kunasekarapuram?

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

What are the stamp duty and registration fees for a property in Kunasekarapuram?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Kunasekarapuram?

The Sub Registrar Office for Kunasekarapuram is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details by visiting the appropriate link.