Guideline Value for Kundrathur main road
₹500/sq.ft.
The guideline value for Kundrathur Main Road in Somangalam_b village (Sriperumpudur SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Somangalam_b
Village
Sriperumpudur
SRO
Commercial Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹500 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Kundrathur Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Kundrathur main road guideline value
The current guideline value of Kundrathur main road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Somangalam_B village under the Sriperumpudur SRO, classified as Commercial Class I Type - I.
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 most recent revision in 2024 maintains the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the value was Rs 335 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.
There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only recorded changes are from 2017 to 2024 and from 2023 to 2024, both of which show no increase in the guideline value.
Guideline values in Somangalam_B
In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Kundrathur main road is above this median.
- Kulakkarai street: Rs 400 per sq.ft (2024)
- KR Garden Phase-II: Rs 400 per sq.ft (2024)
- KR Garden: Rs 250 per sq.ft (2024)
- Kasthuri Nagar: Rs 400 per sq.ft (2024)
- Karuneekar Nagar: Rs 250 per sq.ft (2024)
- Manikandapuri: Rs 200 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 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 Somangalam_B
The guideline value is a crucial factor during the registration of property transactions in Somangalam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of their transactions.
When buying or selling property, it is essential to consider the guideline value as it reflects the official price set by the government for the area. This value is used to calculate the necessary fees, ensuring compliance with local regulations.
Frequently asked questions
What is the current guideline value of Kundrathur main road?
The current guideline value of Kundrathur main road is Rs 500 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, while it increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking an overall increase of 49% from 2017 to 2024.
What are the other streets in Somangalam_B?
Other streets in Somangalam_B include Kulakkarai street, KR Garden Phase-II, KR Garden, Kasthuri Nagar, Karuneekar Nagar, and Manikandapuri, with guideline values ranging from Rs 200 to Rs 400 per sq.ft in 2024.
What fees are applicable when registering property on Kundrathur main road?
When registering property on Kundrathur main road, the applicable fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Kundrathur main road?
The Sub Registrar Office covering Kundrathur main road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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