Guideline Value for Police Quarters

Police Quarters guideline value

The current guideline value for Police Quarters in Kunrathour-B village, under the Kunrathur SRO, is Rs 1,210 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Police Quarters has changed

The guideline value for Police Quarters has seen several revisions over the years. In the 2017 revision, the value was set at Rs 737 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 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, with a median value of Rs 1,540 per sq.ft. The guideline value for Police Quarters is below this median.

• P.J.N. Nagar: Rs 1,540 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,210 per sq.ft (2024)
• Ponnusamy Nagar: Rs 1,760 per sq.ft (2024)
• Perumal Nagar: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Mega Nagar: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Nagar phase I: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Police Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the 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 details.

Which Sub Registrar Office covers Police Quarters?

The Police Quarters are covered by 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 plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities refer to the guideline value to assess the appropriate fees, ensuring that the transaction reflects the official valuation of the property. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Police Quarters?

The current guideline value for Police Quarters in Kunrathour-B is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, which is an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Police Quarters?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office covers the Police Quarters?

The Kunrathur Sub Registrar Office covers the Police Quarters, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Police Quarters?

The land classification for Police Quarters is Residential Class I Type - I, indicating its designation for residential use.