Guideline Value for KURAVANJI STREET (WARD -8)

Kuravanji Street (Ward -8) guideline value

The current guideline value of Kuravanji Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Kuravanji Street (Ward -8) has changed

Over the years, the guideline value for Kuravanji Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,321 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The latest change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Kuravanji Street's 2024 figure above that median.

• Kundalakesi Street (N): Rs 1,321 per sq.ft (2024)
• K V Vines Nagar (Sa): Rs 440 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kuravanji Street (Ward -8)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, making the total Rs 1,18,890. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuravanji Street (Ward -8)?

The Sub Registrar Office covering Kuravanji Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are proportionate to the value of the property being transferred.

When buying or selling property, the guideline value is referenced to determine the minimum price at which the property can be registered. This ensures transparency and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Kuravanji Street (Ward -8)?

The current guideline value of Kuravanji Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,321 per sq.ft in 2024.

What is the land classification for Kuravanji Street (Ward -8)?

The land classification for Kuravanji Street (Ward -8) is Residential Special Type - V.

What are the stamp duty and registration fees for a property in Kuravanji Street (Ward -8)?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470 and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Where can I find the Sub Registrar Office for Kuravanji Street (Ward -8)?

The Sub Registrar Office for Kuravanji Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.