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Guideline Value

Corporate

Guideline Value for Kundrathur Garden Phase III

₹990/sq.ft.

The guideline value for Kundrathur Garden Phase Iii in Manancheri village (Kunrathur SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manancheri

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kundrathur Garden Phase Iii

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Kundrathur Garden Phase III guideline value

The current guideline value of Kundrathur Garden Phase III is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Manancheri village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Kundrathur Garden Phase III has changed

The guideline value for Kundrathur Garden Phase III has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a 125% rise. However, it then decreased to Rs 603 per sq.ft in 2017, a reduction of 33%. The value further increased to Rs 900 per sq.ft in 2023, followed by another increase to Rs 990 per sq.ft in 2024, a change of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 148%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 3,400 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the guideline value of Kundrathur Garden Phase III.

Stamp duty and registration fee for property in Kundrathur Garden Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kundrathur Garden Phase III?

The Kundrathur Garden Phase III falls under the jurisdiction of 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 Manancheri

The guideline value is a crucial factor when buying or selling property in Manancheri. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair price as per the local regulations. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Kundrathur Garden Phase III?

The current guideline value of Kundrathur Garden Phase III is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, representing an overall increase of 148% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 89,100.

Which office handles property registrations in Kundrathur Garden Phase III?

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

What is the land classification for Kundrathur Garden Phase III?

The land classification for Kundrathur Garden Phase III is Residential Class I Type - I.