Guideline Value for SERASA URBANE

Serasa Urbane guideline value

The current guideline value of Serasa Urbane is Rs 3,070 per sq.ft, effective from 1 July 2024. It is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Class I Type - IV.

How the guideline value of Serasa Urbane has changed

The guideline value for Serasa Urbane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,070 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 2,790 per sq.ft. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Serasa Urbane in the revisions from 2017, 2012, 2007, 2003, and 2002. The 2024 value is significantly higher than the previous figure, indicating a marked change in the guideline value.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO, with guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Serasa Urbane's 2024 figure above this median.

• Seven Hills Nagar: Rs 1,430 per sq.ft (2024)
• Shanmugam Nagar: Rs 1,760 per sq.ft (2024)
• Sembarambakkam Erikarai Salai: Rs 1,430 per sq.ft (2024)
• Shanti Nagar: Rs 2,700 per sq.ft (2024)
• Selvaraman swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Shiva Vishnu Avenue & Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Urbane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,070 per sq.ft, the total guideline value would be Rs 30,70,000. The stamp duty at 7% would be Rs 2,14,900, and the registration fee at 2% would be Rs 61,400, bringing the total cost to Rs 2,76,300. 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.

Which Sub Registrar Office covers Serasa Urbane?

The Sub Registrar Office that covers Serasa Urbane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional assistance.

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

The guideline value is an important factor in the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Serasa Urbane?

The current guideline value of Serasa Urbane is Rs 3,070 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,790 per sq.ft in 2023 to Rs 3,070 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Serasa Urbane?

Serasa Urbane is classified as Residential Class I Type - IV, which indicates its designation for residential use within the Kunrathour-B village.

What are the other streets in Kunrathour-B and their guideline values?

Other streets in Kunrathour-B include Seven Hills Nagar at Rs 1,430 per sq.ft, Shanmugam Nagar at Rs 1,760 per sq.ft, and Shanti Nagar at Rs 2,700 per sq.ft, among others. These values provide a comparison to the guideline value of Serasa Urbane.

How is stamp duty calculated for properties in Serasa Urbane?

Stamp duty is calculated at 7% of the higher of the guideline value or the sale price. For a property valued at Rs 30,70,000, the stamp duty would be Rs 2,14,900, along with a registration fee of Rs 61,400, totaling Rs 2,76,300.