Guideline Value for Kundrathur Main Road

Kundrathur Main Road guideline value

The current guideline value of Kundrathur Main Road, located in Periyapanancheri village under the Pammal SRO, is Rs 4,925 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential 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 revision was in 2017, where the value was Rs 3,000 per sq.ft. This figure increased significantly to Rs 4,478 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,925 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Periyapanancheri

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

• Kundrathur Main Road (ward 2): Rs 2,200 per sq.ft (2024)
• Kundrathur Main Road (ward 3): Rs 2,200 per sq.ft (2024)
• Karunakaran Street: Rs 1,320 per sq.ft (2024)
• Mani Nagar: Rs 1,320 per sq.ft (2024)
• Kannamal Street: Rs 1,320 per sq.ft (2024)
• Kalathumettu Street: Rs 1,320 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 guideline value of Rs 4,925 per sq.ft, the total guideline value would be Rs 49,25,000. The stamp duty at 7% would amount to Rs 3,44,750, and the registration fee at 2% would be Rs 98,500. Together, the total cost for these fees would be Rs 4,43,250. It is important to 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 further calculations.

Which Sub Registrar Office covers Kundrathur Main Road?

The Sub Registrar Office that covers Kundrathur Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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 plays a crucial role during the registration of property transactions in Periyapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Kundrathur Main Road?

The current guideline value of Kundrathur Main Road is Rs 4,925 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2017 to Rs 4,925 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the stamp duty rate for properties in Kundrathur Main Road?

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

Where can I find the Sub Registrar Office for Kundrathur Main Road?

The Sub Registrar Office for Kundrathur Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value and helps maintain transparency in the registration process.