Guideline Value for kundrathur new town phase-II

kundrathur new town phase-II guideline value

The current guideline value of Kundrathur New Town Phase-II is Rs 3,440 per sq.ft, effective from 1 July 2024. This area falls under Kunrathour-B village, classified as Residential Class III Type - V, and is managed by the Kunrathur SRO.

How the guideline value of kundrathur new town phase-II has changed

Since the 2017 revision, the guideline value for Kundrathur New Town Phase-II has increased by 10%, moving from Rs 3,120 per sq.ft in 2017 to Rs 3,440 per sq.ft in 2024. The 2023 revision also recorded a value of Rs 3,120 per sq.ft, indicating no change from the previous year.

Prior to the 2017 revision, the register has no figures for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions with figures for this street are from 2017 and 2023, both at Rs 3,120 per sq.ft, and the latest revision in 2024 at Rs 3,440 per sq.ft.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a guideline value range from Rs 660 to Rs 5,130 per sq.ft. The median value for this area is Rs 1,540 per sq.ft, placing the Kundrathur New Town Phase-II guideline value above this median.

• Kundrathur New Town: Rs 3,440 per sq.ft (2024)
• Kundrathur New Town Phase - III: Rs 4,180 per sq.ft (2024)
• Kundrathur North Cherry Street: Rs 1,430 per sq.ft (2024)
• Kundrathur Pallavaram Main Road: Rs 2,860 per sq.ft (2024)
• Kundrathur Garden Phase II: Rs 1,430 per sq.ft (2024)
• Kundrathur Garden Phase I: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in kundrathur new town phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,440 per sq.ft, the total guideline value amounts to Rs 34,40,000. The stamp duty at 7% would be Rs 2,40,800, and the registration fee at 2% would be Rs 68,800, resulting in a total of Rs 3,09,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers kundrathur new town phase-II?

The Kundrathur New Town Phase-II is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Kunrathour-B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kundrathur New Town Phase-II?

The current guideline value of Kundrathur New Town Phase-II is Rs 3,440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 10%, from Rs 3,120 per sq.ft to Rs 3,440 per sq.ft in 2024.

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

Other streets in Kunrathour-B include Kundrathur New Town Phase - III at Rs 4,180 per sq.ft, Kundrathur North Cherry Street at Rs 1,430 per sq.ft, and Kundrathur Pallavaram Main Road at Rs 2,860 per sq.ft, among others.

What are the stamp duty and registration fees for a property in Kundrathur New Town Phase-II?

For a property valued at Rs 34,40,000, the stamp duty at 7% is Rs 2,40,800, and the registration fee at 2% is Rs 68,800, totaling Rs 3,09,600.

Which registration office covers Kundrathur New Town Phase-II?

The Kunrathur New Town Phase-II is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.