Guideline Value for Kundrathoor road

Kundrathoor road guideline value

The current guideline value of Kundrathoor road in Poonthamallee village, under the Poonamallee SRO, is Rs 2,740 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kundrathoor road has changed

The guideline value of Kundrathoor road has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017 before rising again to Rs 2,500 per sq.ft in 2023. The 2024 revision marks a further increase to Rs 2,740 per sq.ft.

Between the revisions, the changes in guideline value are notable. From 2007 to 2012, there was a remarkable increase of 525%. The value then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023, and finally, a 10% rise from 2023 to 2024. Overall, the guideline value has increased by 585% from 2007 to 2024.

Guideline values in Poonthamallee

Poonthamallee village has 257 streets under the Poonamallee SRO with a 2024 guideline value range from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kundrathoor road's 2024 figure above this median.

• Kundrathoor Road 24 To 130: Rs 2,740 per sq.ft (2024)
• Kundrathoor Road Door No 1st To 19: Rs 2,740 per sq.ft (2024)
• Kulakarai street: Rs 2,200 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,200 per sq.ft (2024)
• K.S.nagar: Rs 2,200 per sq.ft (2024)
• Lakshmi nagar 447: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathoor road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, bringing the total cost for these fees to Rs 2,46,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Kundrathoor road?

The Kundrathoor road falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For further assistance, you can find your SRO.

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

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

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kundrathoor road?

The current guideline value of Kundrathoor road is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, which is an overall increase of 585%.

What is the land classification for Kundrathoor road?

Kundrathoor road is classified as Residential Class I Type - I, which influences its guideline value and usage.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Kundrathoor road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,40,000, the stamp duty would be Rs 1,91,800 at 7%.