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Guideline Value

Corporate

Guideline Value for Kundrathur Main Road (ward 2)

₹2200/sq.ft.

The guideline value for Kundrathur Main Road (ward 2) in Periyapanancheri village (Pammal SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Periyapanancheri

Village

Pammal

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kundrathur Main Road (ward 2)

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Kundrathur Main Road (ward 2) guideline value

The current guideline value of Kundrathur Main Road (ward 2) is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Periyapanancheri village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Kundrathur Main Road (ward 2) has changed

The guideline value for Kundrathur Main Road (ward 2) has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Kundrathur Main Road (ward 2) above this median.

Stamp duty and registration fee for property in Kundrathur Main Road (ward 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 more detailed calculations.

Which Sub Registrar Office covers Kundrathur Main Road (ward 2)?

The Sub Registrar Office that covers Kundrathur Main Road (ward 2) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Periyapanancheri. 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 helps both parties understand the value of the property in the eyes of the government. It is essential for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kundrathur Main Road (ward 2)?

The current guideline value of Kundrathur Main Road (ward 2) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Periyapanancheri with guideline values?

Other streets in Periyapanancheri include Kundrathur Main Road (ward 3) at Rs 2,200 per sq.ft, Kundrathur Main Road at Rs 4,925 per sq.ft, and several others at Rs 1,320 per sq.ft.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kundrathur Main Road (ward 2) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for registration?

The Sub Registrar Office for Kundrathur Main Road (ward 2) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the appropriate link.