Guideline Value for Kundrathur Garden

Kundrathur Garden guideline value

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

How the guideline value of Kundrathur Garden has changed

The guideline value for Kundrathur Garden has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent revision in 2024 saw a further increase to Rs 1,430 per sq.ft, marking a 10% rise from the previous year. The overall change from 2017 to 2024 is a significant increase of 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 1,430 per sq.ft reflects a 49% increase from the 2017 figure and a 10% increase from the 2023 figure.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Kundrathur Garden's current guideline value below this median.

• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty is charged at 7%, which totals Rs 1,00,100, and the registration fee at 2% amounts to Rs 28,600. Therefore, the total cost for stamp duty and registration fees would be Rs 1,28,700. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kundrathur Garden?

The Kundrathur Garden area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kundrathur Garden?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Kundrathur Garden?

Kundrathur Garden is classified as Residential Special Type - II under the land classification system.

What are the stamp duty and registration fees for properties in Kundrathur Garden?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100, and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations in Kundrathur Garden?

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