Guideline Value for The Temple Town

The Temple Town guideline value

The current guideline value of The Temple Town, located in Kunrathour-A village under the Kunrathur SRO, is Rs 1,540 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of The Temple Town has changed

The guideline value for The Temple Town has seen significant changes 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 2023, marking a 49% rise. The most recent 2024 revision has further increased this value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median value for these streets is Rs 1,760 per sq.ft, placing The Temple Town's 2024 figure below this median.

• Temple View Garden: Rs 1,800 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)
• Subramanyapuram: Rs 1,800 per sq.ft (2024)
• Sri Vijayalakshmi Garden @ Temple City: Rs 2,160 per sq.ft (2024)
• Sri Sakthi Amman Nagar Extension: Rs 3,025 per sq.ft (2024)
• Sri Chakra Nagar: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in The Temple Town

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the 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, bringing the total to Rs 1,38,600. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers The Temple Town?

The Temple Town is covered by 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-A

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of The Temple Town?

The current guideline value of The Temple Town 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, reflecting a total increase of 64% over this period.

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

Other streets in Kunrathour-A have varying guideline values, ranging from Rs 1,210 to Rs 5,123 per sq.ft, with a median value of Rs 1,760 per sq.ft.

What are the stamp duty and registration fees for The Temple Town?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 1,38,600.

Which office handles property registrations for The Temple Town?

The Kunrathur Sub Registrar Office handles property registrations for The Temple Town, located at No.59, Road Street, Kundrathur, Chennai -600 069.