Guideline Value for Kundrathur Garden Phase II

Kundrathur Garden Phase II guideline value

The current guideline value of Kundrathur Garden Phase II is Rs 1,430 per sq.ft, effective from 1 July 2024. This property is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Kundrathur Garden Phase II has changed

The guideline value for Kundrathur Garden Phase II has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent 2024 revision raised the value to Rs 1,430 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, demonstrating a steady rise in the guideline value over the years.

Guideline values in Kunrathour-B

Kundrathur Garden Phase II's guideline value is below the median rate of Rs 1,540 per sq.ft for the 325 streets in Kunrathour-B under the Kunrathur SRO, which range from Rs 660 to Rs 5,130 per sq.ft.

• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden: Rs 1,430 per sq.ft (2024)
• Kundrathur New Town: Rs 3,440 per sq.ft (2024)
• Kundrathur New Town Phase-II: Rs 3,440 per sq.ft (2024)
• Kundrathur New Town Phase - III: Rs 4,180 per sq.ft (2024)
• Kundrathur North Cherry Street: Rs 1,430 per sq.ft (2024)

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

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, totaling Rs 1,28,700. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kundrathur Garden Phase II?

The Kundrathur Garden Phase II is covered by 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 plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the state receives the correct revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kundrathur Garden Phase II is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What are the registration fees for property in Kundrathur Garden Phase II?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Kundrathur Garden Phase II, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, with values ranging from Rs 660 to Rs 5,130 per sq.ft across 325 streets.