Guideline Value for Kundrathur Pallavaram Main Road

Kundrathur Pallavaram Main Road guideline value

The current guideline value of Kundrathur Pallavaram Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kundrathur Pallavaram Main Road has changed

Over the years, the guideline value for Kundrathur Pallavaram Main Road has seen significant changes. The 2017 revision set the value at Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2023 revision. The current value of Rs 2,860 per sq.ft represents a 10% increase from 2023 to 2024, and a remarkable 49% increase from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 for these streets is Rs 1,540 per sq.ft, making the current value of Kundrathur Pallavaram Main Road above that median.

• Kundrathur North Cherry Street: Rs 1,430 per sq.ft (2024)
• Kundrathur New Town Phase - III: Rs 4,180 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 Pallavaram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total cost to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kundrathur Pallavaram Main Road?

The Kundrathur Pallavaram Main Road falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Kunrathour-B. 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, it is essential to be aware of the current guideline value, as it directly influences the costs involved in the transaction. Buyers and sellers should ensure that the sale price is not below the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Kundrathur Pallavaram Main Road?

The current guideline value of Kundrathur Pallavaram Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,57,400 in fees.

Which Sub Registrar Office covers Kundrathur Pallavaram Main Road?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers Kundrathur Pallavaram Main Road.

What is the land classification for Kundrathur Pallavaram Main Road?

Kundrathur Pallavaram Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.