Guideline Value

Corporate

Guideline Value for METRO GRAND CITY

₹4580/sq.ft.

The guideline value for Metro Grand City in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 4580 per sq.ft, effective 1 July 2024. It was Rs 4165 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹4580 /sq.ft.
From 1-4-2023 ₹4165 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2790 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Metro Grand City guideline value

The current guideline value of Metro Grand City, located in Kunrathour-B village under the Kunrathur SRO, is Rs 4,580 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Metro Grand City has changed

Over the years, the guideline value of Metro Grand City has seen significant changes. The earliest recorded revision is from 2017, where the value was Rs 2,790 per sq.ft. This figure increased to Rs 4,165 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 4,580 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Metro Grand City above this median.

Stamp duty and registration fee for property in Metro Grand City

For a 1,000 sq.ft plot at the current guideline value of Rs 4,580 per sq.ft, the total guideline value amounts to Rs 45,80,000. The stamp duty at 7% would be Rs 3,20,600, and the registration fee at 2% would be Rs 91,600, bringing the total fees to Rs 4,12,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Metro Grand City?

The Sub Registrar Office that covers Metro Grand City is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Metro Grand City?

The current guideline value of Metro Grand City is Rs 4,580 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,790 per sq.ft in 2017 to Rs 4,580 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Metro Grand City?

The land classification for Metro Grand City is Mixed Type - II, which indicates the type of development permissible in the area.

How is stamp duty calculated for property in Metro Grand City?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 45,80,000 would incur a stamp duty of Rs 3,20,600 at 7%.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of property transactions in the area.