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Guideline Value

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Guideline Value for Road Street 3rd Cross Street Lane (Right)

₹1540/sq.ft.

The guideline value for Road Street 3rd Cross Street Lane (right) 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 3rd Cross Street Lane (right)

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Road Street 3rd Cross Street Lane (Right) guideline value

The current guideline value for Road Street 3rd Cross Street Lane (Right) is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Road Street 3rd Cross Street Lane (Right) has changed

Over the years, the guideline value for Road Street 3rd Cross Street Lane (Right) has seen significant changes. The 2017 revision recorded a guideline value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in 2023, marking a 49% rise. The latest 2024 revision has further increased this value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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 guideline value is Rs 1,540 per sq.ft, which is equal to the 2024 figure for Road Street 3rd Cross Street Lane (Right).

Stamp duty and registration fee for property in Road Street 3rd Cross Street Lane (Right)

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, charged at 7%, would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for these fees to Rs 1,38,600. It is essential to note that the 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 3rd Cross Street Lane (Right)?

The Sub Registrar Office that covers Road Street 3rd Cross Street Lane (Right) 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 plays a crucial role in property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value ensures that the transaction is recorded at a fair price, reflecting the local market conditions.

When buying or selling property, it is important to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure that they account for these fees in their budget when considering a property purchase.

Frequently asked questions

What is the current guideline value for Road Street 3rd Cross Street Lane (Right)?

The current guideline value for Road Street 3rd Cross Street Lane (Right) is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024.

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

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office is responsible for Road Street 3rd Cross Street Lane (Right)?

The Kunrathur Sub Registrar Office is responsible for Road Street 3rd Cross Street Lane (Right), located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for this street?

Road Street 3rd Cross Street Lane (Right) is classified as Residential Special Type - I under the Kunrathur SRO.