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Guideline Value

Corporate

Guideline Value for KURINCHI NAGAR 1ST TO 5TH CROSS STREET

₹3550/sq.ft.

The guideline value for Kurinchi Nagar 1st To 5th Cross Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3550 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3550 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹380 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kurinchi Nagar 1st To 5th Cross Street

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Kurinchi Nagar 1st To 5th Cross Street guideline value

The current guideline value of Kurinchi Nagar 1st To 5th Cross Street is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kurinchi Nagar 1st To 5th Cross Street has changed

The guideline value for Kurinchi Nagar 1st To 5th Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 380 per sq.ft, which increased to Rs 1,100 per sq.ft in 2007. This was followed by a substantial rise to Rs 3,200 per sq.ft in 2012, but it then dropped to Rs 2,144 per sq.ft in 2017. By 2023, the value had increased to Rs 3,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,550 per sq.ft, marking an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has risen by 834%. The register has no figure for the year 2002 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 3,100 per sq.ft, placing Kurinchi Nagar 1st To 5th Cross Street's 2024 figure above that median.

Stamp duty and registration fee for property in Kurinchi Nagar 1st To 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value amounts to Rs 35,50,000. The stamp duty at 7% would be Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, bringing the total to Rs 3,19,500. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Kurinchi Nagar 1st To 5th Cross Street?

The Sub Registrar Office that covers Kurinchi Nagar 1st To 5th Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar 1st To 5th Cross Street?

The current guideline value of Kurinchi Nagar 1st To 5th Cross Street is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 380 per sq.ft in 2003 to Rs 3,550 per sq.ft in 2024, reflecting an overall increase of 834% over this period.

What is the stamp duty rate for property in Kurinchi Nagar 1st To 5th Cross Street?

The stamp duty rate for property transactions in Kurinchi Nagar 1st To 5th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kurinchi Nagar 1st To 5th Cross Street?

The Sub Registrar Office for Kurinchi Nagar 1st To 5th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the other streets in Ramapuram with similar guideline values?

Other streets in Ramapuram, such as Kurinchi Nagar 1st Main Road and Kurinchi Nagar 2nd Main Road, also have a guideline value of Rs 3,550 per sq.ft, indicating consistency in valuation across these areas.