Guideline Value for Ondicheery 1st & 2nd Street

Ondicheery 1st & 2nd Street guideline value

The current guideline value for Ondicheery 1st & 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Ondicheery 1st & 2nd Street has changed

The guideline value for Ondicheery 1st & 2nd Street has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,072 per sq.ft. This figure increased significantly to Rs 1,600 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase further to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 Ondicheery 1st & 2nd Street's 2024 figure above that median.

• Om Sakthi Temple Nagar: Rs 1,760 per sq.ft (2024)
• Om Prakash Nagar: Rs 1,760 per sq.ft (2024)
• Ottakudisai: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Padmavathy Nagar 2nd Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Ondicheery 1st & 2nd Street

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ondicheery 1st & 2nd Street?

The Sub Registrar Office that covers Ondicheery 1st & 2nd 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 Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must pay these fees based on either the guideline value or the actual sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ondicheery 1st & 2nd Street?

The current guideline value for Ondicheery 1st & 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 64% over these years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Ondicheery 1st & 2nd Street?

The Kunrathur Sub Registrar Office handles property registrations for Ondicheery 1st & 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ondicheery 1st & 2nd Street?

Ondicheery 1st & 2nd Street is classified as Mixed Special Type - III, which reflects the nature and use of the land in this area.