Guideline Value for Kunrathur-Poonamalee Road

Kunrathur-Poonamalee Road guideline value

The current guideline value of Kunrathur-Poonamalee Road is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Kolacheri village, under the Kunrathur Sub Registrar Office (SRO), and is classified as Mixed Special Type - I.

How the guideline value of Kunrathur-Poonamalee Road has changed

The guideline value has undergone several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and most recently to Rs 990 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial 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 Kolacheri

In Kolacheri, there are 13 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,450 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Kunrathur-Poonamalee Road above this median.

• Jayam Nagar: Rs 2,450 per sq.ft (2024)
• Parvathi Nagar: Rs 660 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 660 per sq.ft (2024)
• Sree Residency: Rs 660 per sq.ft (2024)
• Sri Janani Nagar: Rs 660 per sq.ft (2024)
• Sri Karumariamman Nagar Annexe: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kunrathur-Poonamalee Road

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kunrathur-Poonamalee Road?

The Kunrathur-Poonamalee 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 information.

How the guideline value is used when you buy or sell in Kolacheri

The guideline value is a crucial factor in the registration process when buying or selling property in Kolacheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kunrathur-Poonamalee Road?

The current guideline value of Kunrathur-Poonamalee Road is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Kunrathur-Poonamalee Road?

Kunrathur-Poonamalee Road is classified as Mixed Special Type - I.

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.

How is the stamp duty calculated for properties in Kolacheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300.