Guideline Value for Ondi Kudisai Street

Ondi Kudisai Street guideline value

The current guideline value of Ondi Kudisai Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ondi Kudisai Street has changed

Ondi Kudisai Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 300% rise. However, between 2012 and 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The value then rose again to Rs 600 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 660 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,600 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Ondi Kudisai Street.

• Murudev Nagar: Rs 660 per sq.ft (2024)
• Prakalya Nagar: Rs 1,065 per sq.ft (2024)
• M.R. Nagar & Extension: Rs 550 per sq.ft (2024)
• Pumproom street Left&Right: Rs 660 per sq.ft (2024)
• Pumpset Street: Rs 550 per sq.ft (2024)
• Mariyamman Koil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ondi Kudisai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ondi Kudisai Street?

The Sub Registrar Office that covers Ondi Kudisai Street 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 Sundaracholavaram

The guideline value is a crucial factor when buying or selling property in Sundaracholavaram. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are registered at a fair price. The guideline value is used to calculate stamp duty and registration fees, which are mandatory for all property transactions.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the market conditions in the area.

Frequently asked questions

What is the current guideline value of Ondi Kudisai Street?

The current guideline value of Ondi Kudisai Street is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 150 per sq.ft to Rs 660 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the stamp duty rate for property in Ondi Kudisai Street?

The stamp duty rate for property in Ondi Kudisai Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ondi Kudisai Street?

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

What other streets have similar guideline values in Sundaracholavaram?

Other streets in Sundaracholavaram with similar guideline values include Murudev Nagar and Mariyamman Koil Street, both at Rs 660 per sq.ft in 2024.