Guideline Value for TEMPLE WAVES

Temple Waves guideline value

The current guideline value of Temple Waves is Rs 1,760 per sq.ft, effective from 1 July 2024. It is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Temple Waves has changed

The guideline value for Temple Waves has seen significant changes over the years. The 2017 revision set the value at Rs 1,100 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The current 2024 revision has further raised it to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 60%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. However, the increase from 2017 to 2023 was 45%, reflecting a substantial rise in the guideline value during that period.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with 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 means that Temple Waves is above this median.

• Thai Sundaram Nagar: Rs 1,540 per sq.ft (2024)
• Thalaivar N. Sammandham Street: Rs 1,540 per sq.ft (2024)
• Thalaivar T.K. Kumarasamy Street: Rs 1,540 per sq.ft (2024)
• Thanthai Periyar 1, II, III Street: Rs 1,540 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,540 per sq.ft (2024)
• Surya Nagar Extension: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Temple Waves

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Temple Waves?

The Sub Registrar Office that covers Temple Waves is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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 stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the registration department. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Temple Waves?

The current guideline value of Temple Waves is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,100 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 60%.

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

Other streets in Kunrathour-B have a guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with the median being Rs 1,540 per sq.ft.

What fees are associated with buying property in Temple Waves?

When buying property in Temple Waves, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Temple Waves located?

The Sub Registrar Office for Temple Waves is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of property transactions in the area.