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Guideline Value

Corporate

Guideline Value for Porur to Kundrathur Vijayam Co - Op Nagar Phase II

₹1210/sq.ft.

The guideline value for Porur To Kundrathur Vijayam Co - Op Nagar Phase Ii in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /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]
Records for a plot on Porur To Kundrathur Vijayam Co - Op Nagar Phase Ii

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Porur to Kundrathur Vijayam Co - Op Nagar Phase II guideline value

The current guideline value for Porur to Kundrathur Vijayam Co - Op Nagar Phase II is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Kunrathur-B village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Porur to Kundrathur Vijayam Co - Op Nagar Phase II has changed

The guideline value for this street has seen several revisions over the years. In 2017, the value was Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,210 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The jump from 2017 to 2023 was 49%, highlighting a significant rise in value over these years.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, indicating that the guideline value for Porur to Kundrathur Vijayam Co - Op Nagar Phase II is below the median.

Stamp duty and registration fee for property in Porur to Kundrathur Vijayam Co - Op Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Porur to Kundrathur Vijayam Co - Op Nagar Phase II?

The Sub Registrar Office that covers Porur to Kundrathur Vijayam Co - Op Nagar Phase II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. It is essential for both parties to be aware of the current guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for Porur to Kundrathur Vijayam Co - Op Nagar Phase II?

The current guideline value for Porur to Kundrathur Vijayam Co - Op Nagar Phase II is Rs 1,210 per sq.ft, effective from 1 July 2024.

How 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, marking an overall increase of 64% over these years. The most recent revision in 2024 saw a 10% increase from the previous year.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 12,10,000. The stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles property registrations in this area?

The Kunrathur Sub Registrar Office handles property registrations for Porur to Kundrathur Vijayam Co - Op Nagar Phase II, located at No.59, Road Street, Kundrathur, Chennai - 600 069.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it sets the minimum price for property registration and influences the calculation of stamp duty and registration fees. It ensures that transactions are recorded at a fair price, preventing undervaluation.