Guideline Value for Sanduveliyamman Koil Street

Sanduveliyamman Koil Street guideline value

The current guideline value of Sanduveliyamman Koil 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 Sanduveliyamman Koil Street has changed

The guideline value for Sanduveliyamman Koil Street has undergone 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 latest 2024 revision has further increased this value to Rs 1,540 per sq.ft, marking a change of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant increase from 2017 to 2023 was 49%, reflecting a notable change in the guideline value during that period.

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 the same as the current value for Sanduveliyamman Koil Street.

• Sanduveliamman Koil 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Sanduveliamman Koil 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Sanduvaliamman Koil Street Main Road: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar South Poonga Road: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar North Poonga Road: Rs 1,540 per sq.ft (2024)
• Sammandham nagar Ganesan Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Sanduveliyamman Koil 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, totaling 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.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sanduveliyamman Koil Street?

The Sub Registrar Office that covers Sanduveliyamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for any registration needs.

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

The guideline value is a crucial aspect when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly. It is important for both buyers and sellers to be aware of the current guideline values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sanduveliyamman Koil Street?

The current guideline value of Sanduveliyamman Koil Street 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. This represents a total increase of 64% over the seven-year period.

What is the land classification for Sanduveliyamman Koil Street?

Sanduveliyamman Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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.

Where is the Sub Registrar Office for Sanduveliyamman Koil Street located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it handles registrations for properties in this area.