Guideline Value for Kunkumam Nagar 3rd Street

Kunkumam Nagar 3rd Street guideline value

The current guideline value of Kunkumam Nagar 3rd Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Kunkumam Nagar 3rd Street has changed

Since 2012, the guideline value has seen several revisions. In 2012, the value was Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,600 per sq.ft in 2023, and then rose to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with the median value being Rs 3,960 per sq.ft. The guideline value for Kunkumam Nagar 3rd Street aligns with this median.

• Kunkumam Nagar 2nd Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 2nd Lane: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 1st Street: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar 1st Lane: Rs 3,960 per sq.ft (2024)
• Kunkumam Nagar: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Kunkumam Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kunkumam Nagar 3rd Street?

The Kunkumam Nagar 3rd Street falls under 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 Porur

The guideline value plays a crucial role during the registration of property transactions in Porur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected based on the value of the property. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kunkumam Nagar 3rd Street?

The current guideline value of Kunkumam Nagar 3rd Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then increased to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the registration office for Kunkumam Nagar 3rd Street?

The registration office for Kunkumam Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find more information about guideline values in Porur?

For more information about guideline values in Porur, you can refer to the Registration Department's guideline value register (TNReginet) or visit local government resources.