Guideline Value for Road Street 1st Cross Street

Road Street 1st Cross Street guideline value

The current guideline value for Road Street 1st Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Road Street 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 938 per sq.ft. It then increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,540 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%. There are no figures available for the revisions in 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. The median value is Rs 1,540 per sq.ft, which is the same as the guideline value for Road Street 1st Cross Street.

• Road Street 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Road Street 3rd Cross Street: Rs 1,430 per sq.ft (2024)
• Road Street 3rd Cross Street Lane (Right): Rs 1,540 per sq.ft (2024)
• Road Street 4th Street: Rs 1,540 per sq.ft (2024)
• Road Street Babu nagar 1st Cross Street (Left): Rs 1,540 per sq.ft (2024)
• Road Street Babu Nagar 2nd Cross Street (Right): Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Road Street 1st Cross Street

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 to Rs 1,38,600. Duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Road Street 1st Cross Street?

The Sub Registrar Office that covers Road Street 1st Cross Street is 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 is a crucial factor when registering property transactions in Kunrathour-B. It serves as a basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Road Street 1st Cross Street?

The current guideline value for Road Street 1st Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Road Street 1st Cross Street?

Road Street 1st Cross Street is classified as Residential Special Type - I under the guidelines set by the Kunrathur SRO.

Where can I find the registration office for this street?

The registration office for Road Street 1st Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

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