Guideline Value for RUNDALS ROAD

Rundals Road guideline value

The current guideline value of Rundals Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Commercial Special Type - II.

How the guideline value of Rundals Road has changed

The guideline value of Rundals Road has seen significant changes over the years. The earliest recorded figure is from the 2007 revision, which was Rs 2,800 per sq.ft. This value increased dramatically to Rs 13,000 per sq.ft in the 2012 revision, marking a rise of 364%. However, it then decreased to Rs 8,710 per sq.ft in the 2017 revision, a decline of 33%. The value rose again to Rs 13,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 has set the guideline value at Rs 14,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Rundals Road in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 411%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, placing Rundals Road's 2024 figure above this median.

• Rundals Street: Rs 14,300 per sq.ft (2024)
• Rudrappa Street: Rs 5,500 per sq.ft (2024)
• Sachithanantham 1st Lane: Rs 4,400 per sq.ft (2024)
• Sachithanantham Street: Rs 4,400 per sq.ft (2024)
• Rotler Street: Rs 6,500 per sq.ft (2024)
• Sadasivam Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rundals Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total fees together to Rs 12,87,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rundals Road?

The Sub Registrar Office that covers Rundals Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Purasaivakkam

The guideline value is a crucial factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Rundals Road?

The current guideline value of Rundals Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Rundals Road has changed significantly, from Rs 2,800 per sq.ft in 2007 to Rs 14,300 per sq.ft in 2024, reflecting an overall increase of 411% over the years.

What is the land classification of Rundals Road?

Rundals Road is classified as Commercial Special Type - II under the current guidelines.

What are the stamp duty and registration fees for properties on Rundals Road?

For a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000 and the registration fee would be Rs 2,86,000, totaling Rs 12,87,000.

Where can I find the Sub Registrar Office for Rundals Road?

The Sub Registrar Office for Rundals Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.