Guideline Value for Kundrathur Road

Kundrathur Road guideline value

The current guideline value of Kundrathur Road is Rs 4,290 per sq.ft, effective from 1 July 2024. This road is located in Kattupakkam village and falls under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Kundrathur Road has changed

The guideline value for Kundrathur Road has undergone several revisions over the years. Starting from Rs 287 per sq.ft in 2003, it saw a significant increase to Rs 500 per sq.ft in 2007. The value then rose dramatically to Rs 3,900 per sq.ft in 2012, but experienced a decline to Rs 2,613 per sq.ft in 2017. Following this, the value surged to Rs 3,900 per sq.ft in 2023, before reaching the current figure of Rs 4,290 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, the guideline value has increased by 1395% from 2003 to 2024. The revisions for the years 2002 and 2012 have no figure listed for this street in the register.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Kundrathur Road above this median.

• Kumaran Nagar: Rs 2,090 per sq.ft (2024)
• Kumanan Chavadi (Poonamallee High Road): Rs 4,290 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,090 per sq.ft (2024)
• Lurthupuram Road: Rs 1,980 per sq.ft (2024)
• Machine Road: Rs 2,090 per sq.ft (2024)
• Mac Nagar: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur Road

For a 1,000 sq.ft plot at the current rate of Rs 4,290 per sq.ft, the guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kundrathur Road?

The Kundrathur Road is covered by 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 Kattupakkam

The guideline value plays a crucial role in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government collects the appropriate taxes based on the value of the property being transferred.

When selling property, the guideline value can also influence negotiations between buyers and sellers. It serves as a benchmark for establishing a fair price for the property, helping both parties to arrive at a mutually agreeable amount.

Frequently asked questions

What is the current guideline value of Kundrathur Road?

The current guideline value of Kundrathur Road is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 287 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, showing a significant overall increase of 1395% over this period.

What are the stamp duty and registration fees for properties on Kundrathur Road?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300, and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which office handles registrations for Kundrathur Road?

The Kunrathur Sub Registrar Office handles registrations for Kundrathur Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 2,090 per sq.ft, with Kundrathur Road being above this median at Rs 4,290 per sq.ft.