Guideline Value for Kundrathur Avenue

Kundrathur Avenue guideline value

The current guideline value of Kundrathur Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Pennaloor village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kundrathur Avenue has changed

The guideline value for Kundrathur Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision marked a decrease to Rs 268 per sq.ft, a 33% drop from 2012. Following this, the value increased by 49% to Rs 400 per sq.ft in 2023, and it has remained the same in the 2024 revision.

There are no figures available for Kundrathur Avenue in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

Guideline values in Pennaloor

Pennaloor village has a total of 35 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 100 to Rs 1,200 per sq.ft. The median guideline value in the village is Rs 200 per sq.ft, placing Kundrathur Avenue's 2024 figure above this median.

• Kulakkarai Street: Rs 100 per sq.ft (2024)
• KPS Nagar: Rs 400 per sq.ft (2024)
• M.G.R Nagar: Rs 100 per sq.ft (2024)
• MGR street: Rs 200 per sq.ft (2024)
• K.A.Anna Nagar Ph.-II: Rs 500 per sq.ft (2024)
• K.A.Anna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total cost to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kundrathur Avenue?

The Sub Registrar Office that covers Kundrathur Avenue 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 Pennaloor

The guideline value is a critical factor during property registration in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as assessed by the Registration Department. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kundrathur Avenue?

The current guideline value of Kundrathur Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Pennaloor?

The median guideline value in Pennaloor is Rs 200 per sq.ft, with Kundrathur Avenue's 2024 value being above this median.

What are the stamp duty and registration fees for property in Kundrathur Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000. The stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where can I find the Sub Registrar Office for Kundrathur Avenue?

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