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Guideline Value

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Guideline Value for Kundrathur to Sriperumbuthur Road (Kodambakkam High Road)

₹1200/sq.ft.

The guideline value for Kundrathur To Sriperumbuthur Road (kodambakkam High Road) in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
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

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kundrathur To Sriperumbuthur Road (kodambakkam High Road)

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Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) guideline value

The current guideline value for Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village and falls under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,100 per sq.ft in 2023, and subsequently rose to Rs 1,200 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft, with the median being Rs 1,200 per sq.ft. The guideline value for Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) aligns with this median.

Stamp duty and registration fee for property in Kundrathur to Sriperumbuthur Road (Kodambakkam High Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kundrathur to Sriperumbuthur Road (Kodambakkam High Road)?

The Kundrathur Sub Registrar Office covers Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) and is 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 Venkatapuram

The guideline value is a crucial factor in the property registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the transaction is conducted transparently and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kundrathur to Sriperumbuthur Road?

The current guideline value for Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,100 per sq.ft in 2012, dropping to Rs 737 per sq.ft in 2017, and then rising to Rs 1,100 per sq.ft in 2023, before reaching Rs 1,200 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Kundrathur to Sriperumbuthur Road (Kodambakkam High Road) is Residential Special Type - I.

Where is the Kunrathur Sub Registrar Office located?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.