Guideline Value for KURAVANJI STREET (WARD -8)

Kuravanji Street (Ward -8) guideline value

The current guideline value of Kuravanji Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

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

The guideline value for Kuravanji Street (Ward -8) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. This represented a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The latest revision in 2024 has further increased the value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year, 2023.

It is important to note that there are no figures available for Kuravanji Street for the revisions in 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from Rs 1,200 in 2012 to Rs 1,320 in 2024.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value across these streets is Rs 990 per sq.ft, placing Kuravanji Street's 2024 figure above the median.

• Kundalakesi Street (N): Rs 1,320 per sq.ft (2024)
• K V Vines Nagar (Sa): Rs 440 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): 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 guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 our stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial figure used during the registration of property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the stamp duty, ensuring that the fees reflect the true value of the transaction.

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 1,320 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 in 2012 to Rs 804 in 2017, then back to Rs 1,200 in 2023, and finally to Rs 1,320 in 2024.

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

Kuravanji Street (Ward -8) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

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

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

How is stamp duty calculated for properties in Kuravanji Street (Ward -8)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 13,20,000.