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Guideline Value

Corporate

Guideline Value for Sammandham Nagar 3rd Cross Street

₹1540/sq.ft.

The guideline value for Sammandham Nagar 3rd Cross Street 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 Sammandham Nagar 3rd Cross Street

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Sammandham Nagar 3rd Cross Street guideline value

The current guideline value of Sammandham Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sammandham Nagar 3rd Cross Street has changed

The guideline value for Sammandham Nagar 3rd Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 938 per sq.ft. In 2023, this figure increased to Rs 1,400 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, 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 for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of Sammandham Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Sammandham Nagar 3rd 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 would be Rs 15,40,000. The stamp duty at 7% would amount to 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 important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sammandham Nagar 3rd Cross Street?

The Sub Registrar Office that covers Sammandham Nagar 3rd 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 details.

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 benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official registry.

When you buy or sell property, the guideline value helps assess the stamp duty and registration fees applicable to the transaction. This ensures that all parties involved are aware of the financial obligations that arise from the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Sammandham Nagar 3rd Cross Street?

The current guideline value of Sammandham Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the land classification for Sammandham Nagar 3rd Cross Street?

The land classification for Sammandham Nagar 3rd Cross Street is Residential Special Type - I.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800.

Which Sub Registrar Office handles registrations for this street?

The Kunrathur Sub Registrar Office handles registrations for Sammandham Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.