Guideline Value for Kundrathur High Road

Kundrathur High Road guideline value

The current guideline value of Kundrathur High Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Kundrathur High Road has changed

The guideline value for Kundrathur High Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,500 per sq.ft. In 2017, this value decreased to Rs 3,015 per sq.ft, marking a decline of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 4,950 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Kundrathur High Road is above this median.

• Kunkumam Nagar: Rs 4,290 per sq.ft (2024)
• Kunkumam Nagar 1st Lane: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 1st Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 2 nd Lane: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 2nd Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 3rd Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kundrathur High Road?

The Kundrathur High Road falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered to ensure compliance with legal requirements. Buyers should be aware that the stamp duty is charged based on the guideline value or the sale price, whichever is higher, making it essential to understand these values before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Kundrathur High Road?

The current guideline value of Kundrathur High Road is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then back to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

What is the land classification for Kundrathur High Road?

The land classification for Kundrathur High Road is Mixed Special Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kundrathur High Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,950 per sq.ft would incur a stamp duty of Rs 3,46,500.