Guideline Value for Kundrathur-Poonamallee Road

Kundrathur-Poonamallee Road guideline value

The current guideline value for Kundrathur-Poonamallee Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Kundrathur-Poonamallee Road has changed

The guideline value for Kundrathur-Poonamallee Road has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 1,980 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, placing Kundrathur-Poonamallee Road above the median.

• Lakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Kosatheru: Rs 2,200 per sq.ft (2024)
• Kollai Colony Road: Rs 1,870 per sq.ft (2024)
• K.K. Nagar Ist Cross Street to VIII Cross st.: Rs 1,980 per sq.ft (2024)
• K.K. Nagar Colony Road: Rs 1,980 per sq.ft (2024)
• K.K.Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kundrathur-Poonamallee Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total cost of Rs 1,78,200. 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-Poonamallee Road?

The Kundrathur-Poonamallee 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 Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When a property transaction occurs, the guideline value ensures that the government receives its due revenue through the collection of these fees, based on the established rates for various streets in the area.

Frequently asked questions

What is the current guideline value for Kundrathur-Poonamallee Road?

The current guideline value for Kundrathur-Poonamallee Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, with Kundrathur-Poonamallee Road being above this median at Rs 1,980 per sq.ft.

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 the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.