Guideline Value for Kundrathur Main Road

Kundrathur Main Road guideline value

The current guideline value of Kundrathur Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Kerugambakkam village and falls under the Pammal SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Kundrathur Main Road has changed

The guideline value for Kundrathur Main Road has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

There are no recorded figures 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 Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, placing Kundrathur Main Road's 2024 figure above this median.

• Kumaran Nagar: Rs 1,980 per sq.ft (2024)
• Krs Kavinaya Garden: Rs 2,050 per sq.ft (2024)
• Lakshmi Nagar (ward 5): Rs 2,200 per sq.ft (2024)
• Lakshmi Nagar (ward 6): Rs 2,200 per sq.ft (2024)
• Leelavathy Nagar: Rs 1,980 per sq.ft (2024)
• Lendi Garden: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kundrathur Main Road?

The Sub Registrar Office covering Kundrathur Main Road 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 details.

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

The guideline value is a crucial factor in property transactions in Kerugambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate applicable fees.

When a property is sold, the guideline value helps in determining the stamp duty and registration fees that need to be paid. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kundrathur Main Road?

The current guideline value of Kundrathur Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024. This represents an increase of 64% over the years.

What is the land classification for Kundrathur Main Road?

The land classification for Kundrathur Main Road is Commercial Special Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kundrathur Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty would be Rs 2,31,000.