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Guideline Value

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Guideline Value for Thanthai Periyar 1, II, III Street

₹1540/sq.ft.

The guideline value for Thanthai Periyar 1, Ii, Iii 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 Thanthai Periyar 1, Ii, Iii Street

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Thanthai Periyar 1, II, III Street guideline value

The current guideline value of Thanthai Periyar 1, II, III Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Thanthai Periyar 1, II, III Street has changed

The guideline value for Thanthai Periyar 1, II, III Street has undergone several revisions over the years. The earliest recorded figure is from 2017, where the guideline value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in 2023, reflecting a significant change of 49%. The latest revision in 2024 has set the guideline value at Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street, indicating a lack of revision data during those years.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a guideline value for 2024, 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 the same as the current guideline value for Thanthai Periyar 1, II, III Street.

Stamp duty and registration fee for property in Thanthai Periyar 1, II, III 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 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 Thanthai Periyar 1, II, III Street?

The Sub Registrar Office that covers Thanthai Periyar 1, II, III Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further details, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Kunrathour-B. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thanthai Periyar 1, II, III Street?

The current guideline value of Thanthai Periyar 1, II, III Street is Rs 1,540 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 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is an overall increase of 64%.

What was the guideline value in 2023?

The guideline value for Thanthai Periyar 1, II, III Street in 2023 was Rs 1,400 per sq.ft.

Which office handles registrations for properties in Kunrathour-B?

The Kunrathur Sub Registrar Office handles registrations for properties in Kunrathour-B. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

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