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Guideline Value

Corporate

Guideline Value for Road Street (Way to Murugan Koil)

₹1540/sq.ft.

The guideline value for Road Street (way To Murugan Koil) in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /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 Road Street (way To Murugan Koil)

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Road Street (Way to Murugan Koil) guideline value

The current guideline value for Road Street (Way to Murugan Koil) in Kunrathour-B village is Rs 1,540 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Road Street (Way to Murugan Koil) has changed

The guideline value for Road Street (Way to Murugan Koil) has seen several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased this value to Rs 1,540 per sq.ft, marking a 10% rise from the previous year and a total increase of 64% from 2017.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes observed include a 49% increase from 2017 to 2023 and the overall increase from 2017 to 2024, which reflects the growing guideline value in the area.

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 value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value for Road Street (Way to Murugan Koil).

Stamp duty and registration fee for property in Road Street (Way to Murugan Koil)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total charges to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Road Street (Way to Murugan Koil)?

The Sub Registrar Office that covers Road Street (Way to Murugan Koil) 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

The guideline value is a crucial factor during property registration in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair transaction price. Buyers and sellers must consider this value to avoid any discrepancies during the registration process, as it directly impacts the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Road Street (Way to Murugan Koil)?

The current guideline value for Road Street (Way to Murugan Koil) is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Road Street (Way to Murugan Koil)?

Road Street (Way to Murugan Koil) is classified as Residential Special Type - I under the guideline value register.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Road Street (Way to Murugan Koil)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,07,800.