Guideline Value for PROVINCE

Province guideline value

The current guideline value for Province, located in Kunrathour-B village under the Kunrathur SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Province has changed

According to the guideline value register, there are no figures available for Province in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision that has a figure is from 2024, which is Rs 4,400 per sq.ft.

As such, the current guideline value of Rs 4,400 per sq.ft is the only registered figure for this street, reflecting the latest revision effective from July 2024. There have been no changes between the revisions listed above.

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, with a median of Rs 1,540 per sq.ft. The guideline value for Province is above this median.

• Prithvi Nagar: Rs 3,650 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co - Op Nagar Phase II: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Nagar phase I: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Mega Nagar: Rs 1,210 per sq.ft (2024)
• Ponnusamy Nagar: Rs 1,760 per sq.ft (2024)
• Rajagopalan Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Province

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Province?

The Sub Registrar Office that covers Province is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

When buying or selling property in Kunrathour-B, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Ensuring compliance with the registered guideline values can help avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for Province?

The current guideline value for Province is Rs 4,400 per sq.ft, effective from 1 July 2024.

What land classification is Province under?

Province is classified under Residential Class II Type - III.

Are there any previous guideline values for Province?

The guideline value register shows no figures for Province in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only registered figure is from 2024.

How many streets are there in Kunrathour-B?

There are 325 streets in Kunrathour-B under the Kunrathur SRO that carry a 2024 guideline value.

What are the other streets in Kunrathour-B?

Other streets in Kunrathour-B include Prithvi Nagar, Porur to Kundrathur Vijayam Co - Op Nagar Phase II, Porur to Kundrathur Vijayam Co-op Nagar phase I, Porur to Kundrathur Vijayam Co-op Mega Nagar, Ponnusamy Nagar, and Rajagopalan Nagar, each with their respective guideline values.