Guideline Value for Kunrathur Main Road

Kunrathur Main Road guideline value

The current guideline value of Kunrathur Main Road in Chikkarayapuram village, under the Kunrathur SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kunrathur Main Road has changed

The guideline value for Kunrathur Main Road has seen several revisions over the years. In 2003, the value was Rs 65 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. The 2012 revision maintained a value of Rs 1,600 per sq.ft, but this dropped to Rs 1,072 per sq.ft in 2017. The value then rose to Rs 1,600 per sq.ft in 2023, before reaching the current figure of Rs 1,760 per sq.ft in 2024.

From 2017 to 2023, there was a 49% increase, followed by a 10% increase from 2023 to 2024. The largest change occurred between 2007 and 2012, with a 433% increase. Overall, from 2003 to 2024, the guideline value has increased by 2,608%.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Kunrathur Main Road is below this median.

• Lakshmi Nagar: Rs 1,430 per sq.ft (2024)
• Kulakarai Street: Rs 1,980 per sq.ft (2024)
• Lakshmi Nagar/Vistharippu/Babu Garden: Rs 1,760 per sq.ft (2024)
• Krishna Nagar: Rs 1,980 per sq.ft (2024)
• Leelavathi Nagar: Rs 1,980 per sq.ft (2024)
• Leelavathi Nagar Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kunrathur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty, charged at 7%, would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, these fees total Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kunrathur Main Road?

The Kunrathur Main Road falls under the jurisdiction of 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 Chikkarayapuram

The guideline value is a crucial factor when registering property in Chikkarayapuram. It determines the minimum value at which property transactions must be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kunrathur Main Road?

The current guideline value of Kunrathur Main Road is Rs 1,760 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 65 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 2,608%.

What are the stamp duty rates for properties on Kunrathur Main Road?

The stamp duty for properties on Kunrathur Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

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

What other streets in Chikkarayapuram have guideline values?

Other streets in Chikkarayapuram include Lakshmi Nagar, Kulakarai Street, and Krishna Nagar, among others, each with their own guideline values ranging from Rs 1,430 to Rs 1,980 per sq.ft in 2024.