Guideline Value for Sriperumpudur - Kundrathur Road

Sriperumpudur - Kundrathur Road guideline value

The current guideline value of Sriperumpudur - Kundrathur Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This road is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sriperumpudur - Kundrathur Road has changed

The guideline value for Sriperumpudur - Kundrathur Road has remained stable at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the current value in 2024, there has been a consistent increase of 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, indicating that the guideline value for Sriperumpudur - Kundrathur Road is above this median.

• Sriperumpudur Chengalpattu Road: Rs 1,200 per sq.ft (2024)
• Sri Rajivgandhi Nagar: Rs 700 per sq.ft (2024)
• Sri Ramanujar Royal City: Rs 700 per sq.ft (2024)
• Sriram Nagar: Rs 1,000 per sq.ft (2024)
• Srinivasa nagar: Rs 700 per sq.ft (2024)
• Sri Nagar Phase - II: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sriperumpudur - Kundrathur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important 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 Sriperumpudur - Kundrathur Road?

The Sub Registrar Office that covers Sriperumpudur - Kundrathur Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sriperumbudur A

The guideline value plays a crucial role in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established value of the property.

When a property is registered, the guideline value is used to assess the applicable charges, which are mandatory for all transactions. This ensures transparency and compliance with local regulations during property transfers.

Frequently asked questions

What is the current guideline value for Sriperumpudur - Kundrathur Road?

The current guideline value for Sriperumpudur - Kundrathur Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this road has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 804 per sq.ft in 2017, showing a 49% increase over that period.

What is the land classification for this area?

The land classification for Sriperumpudur - Kundrathur Road is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Sriperumpudur - Kundrathur Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.