Guideline Value for Kundrathur Road

Kundrathur Road guideline value

The current guideline value of Kundrathur Road in Moonramkattalai village, under the Kunrathur SRO, is Rs 1,350 per sq.ft, effective from 1 July 2024. This value is classified under Residential Special Type - I.

How the guideline value of Kundrathur Road has changed

Over the years, the guideline value of Kundrathur Road has seen significant changes. Starting from the 2007 revision, the value was Rs 400 per sq.ft. This increased dramatically to Rs 1,200 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The following revision in 2023 saw the value increase to Rs 1,200 per sq.ft, a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,350 per sq.ft, which is a 13% increase from the previous year.

The register has no figures for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median value for these streets is Rs 650 per sq.ft, making the current guideline value of Kundrathur Road above this median.

• K.V. Road: Rs 650 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Manickapuram: Rs 650 per sq.ft (2024)
• Mariamman Koil Street: Rs 650 per sq.ft (2024)
• Maruthi Nagar: Rs 650 per sq.ft (2024)
• Kandasamy Nagar: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would amount to Rs 94,500, while the registration fee at 2% would be Rs 27,000. Together, the total cost for these fees would be Rs 1,21,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kundrathur Road?

The Sub Registrar Office covering Kundrathur Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Moonramkattalai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it's essential to be aware of the guideline value, as it can influence negotiations and the final sale price. The guideline value serves as a benchmark for both buyers and sellers, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kundrathur Road?

The current guideline value of Kundrathur Road is Rs 1,350 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 400 per sq.ft in 2007 to Rs 1,350 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the median guideline value in Moonramkattalai?

The median guideline value in Moonramkattalai is Rs 650 per sq.ft, with Kundrathur Road's value being above this median.

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

For a property valued at Rs 13,50,000, the stamp duty would be Rs 94,500 and the registration fee would be Rs 27,000, totaling Rs 1,21,500.

Where is the Kunrathur Sub Registrar Office located?

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