Guideline Value for Kundrathur Main Road

Kundrathur Main Road guideline value

The current guideline value of Kundrathur Main Road in Puthuper village is Rs 520 per sq.ft, effective from 1 July 2024. This falls under the jurisdiction of the Sriperumpudur SRO and is classified as New House Site Type -III (Approved Lay-Out).

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 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, marking a 49% increase from the 2017 figure. The most recent revision in 2024 raised the value to Rs 520 per sq.ft, reflecting a 4% increase from the previous year.

There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 4%.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, making the current value of Kundrathur Main Road above this median.

• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Krithika Garden I & II: Rs 520 per sq.ft (2024)
• Mahalakshmi Garden: Rs 896 per sq.ft (2024)
• Kanniamman Koil Street: Rs 400 per sq.ft (2024)
• Kamatchi Nagar Annex: Rs 400 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 400 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 520 per sq.ft, the total guideline value amounts to Rs 5,20,000. The stamp duty at 7% would be Rs 36,400, and the registration fee at 2% would be Rs 10,400, bringing the total fees to Rs 46,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kundrathur Main Road?

The Kundrathur Main Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Puthuper. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal documentation and taxation purposes. It is crucial for both buyers and sellers 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 520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 520 per sq.ft in 2024.

What is the land classification for Kundrathur Main Road?

Kundrathur Main Road is classified as New House Site Type -III (Approved Lay-Out).

What are the stamp duty and registration fees for property in Kundrathur Main Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 46,800.

Which office handles the registration for Kundrathur Main Road?

The registration for Kundrathur Main Road is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.