Guideline Value for Lurthupuram Road

Lurthupuram Road guideline value

The current guideline value of Lurthupuram Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Kattupakkam village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Lurthupuram Road has changed

The guideline value for Lurthupuram Road has undergone several revisions over the years. In 2007, the value was set at Rs 350 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking a 414% increase. However, this value dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,800 per sq.ft in 2023, and most recently, it has increased to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Lurthupuram Road. Overall, from 2007 to 2024, the guideline value has increased by 466%.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Lurthupuram Road's 2024 figure below that median.

• Machine Road: Rs 2,090 per sq.ft (2024)
• Mac Nagar: Rs 3,960 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,090 per sq.ft (2024)
• Kundrathur Road: Rs 4,290 per sq.ft (2024)
• Maruthi Nagar: Rs 3,520 per sq.ft (2024)
• Kumaran Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Lurthupuram Road

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to 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.

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

Which Sub Registrar Office covers Lurthupuram Road?

The Sub Registrar Office that covers Lurthupuram Road is 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 Kattupakkam

The guideline value plays a crucial role in the registration process of property transactions in Kattupakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is conducted at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Lurthupuram Road?

The current guideline value of Lurthupuram 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 changed from Rs 350 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value for streets in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 2,090 per sq.ft for the year 2024.

What are the stamp duty and registration fees for properties on Lurthupuram Road?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Kunrathur Sub Registrar Office located?

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