Guideline Value for Kundrathur North Cherry Street

Kundrathur North Cherry Street guideline value

The current guideline value of Kundrathur North Cherry Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kundrathur North Cherry Street has changed

The guideline value for Kundrathur North Cherry Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,300 per sq.ft. Prior to that, the value was Rs 871 per sq.ft in 2017, marking a significant rise of 49% from that year to 2023. The overall increase from 2017 to 2024 is 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The last recorded figure before the 2017 revision was Rs 871 per sq.ft, which was established in 2017.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Kundrathur North Cherry Street's 2024 figure below that median.

• Kundrathur New Town Phase - III: Rs 4,180 per sq.ft (2024)
• Kundrathur Pallavaram Main Road: Rs 2,860 per sq.ft (2024)
• kundrathur new town phase-II: Rs 3,440 per sq.ft (2024)
• Kundrathur New Town: Rs 3,440 per sq.ft (2024)
• Kundrathur Garden Phase II: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur North Cherry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. 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 to estimate your fees based on the guideline value.

Which Sub Registrar Office covers Kundrathur North Cherry Street?

The Kundrathur North Cherry Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and fairly according to the established rates.

Frequently asked questions

What is the current guideline value of Kundrathur North Cherry Street?

The current guideline value of Kundrathur North Cherry Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for Kundrathur North Cherry Street?

Kundrathur North Cherry Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for Kundrathur North Cherry Street?

The registration office covering Kundrathur North Cherry Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Kundrathur North Cherry Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,00,100.