Guideline Value for kiramani Main&cross Street

kiramani Main&cross Street guideline value

The current guideline value of kiramani Main&cross Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sundaracholavaram village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

How the guideline value of kiramani Main&cross Street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sundaracholavaram

Sundaracholavaram has a total of 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, which is equal to the current guideline value of kiramani Main&cross Street.

• Kasthuri Bai Nagar - II: Rs 880 per sq.ft (2024)
• Kasthuri Bai Nagar - I: Rs 880 per sq.ft (2024)
• Kasthuri Bai Nagar, Avenue & Extension: Rs 880 per sq.ft (2024)
• Mariyamman Koil Street: Rs 660 per sq.ft (2024)
• Jagathambal Avenue: Rs 880 per sq.ft (2024)
• Gramani Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in kiramani Main&cross Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please 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 kiramani Main&cross Street?

The kiramani Main&cross Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Sundaracholavaram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the established guideline values for various streets in the area.

Frequently asked questions

What is the current guideline value of kiramani Main&cross Street?

The current guideline value of kiramani Main&cross Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for kiramani Main&cross Street?

kiramani Main&cross Street is classified as Residential Class I Type - III.

Which Sub Registrar Office covers this street?

The Kunrathur Sub Registrar Office covers kiramani Main&cross Street, 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.