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Guideline Value

Corporate

Guideline Value for KURINCHI NAGAR 1ST MAIN ROAD

₹3550/sq.ft.

The guideline value for Kurinchi Nagar 1st Main Road 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 ₹307 /sq.ft.
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 Main Road

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Kurinchi Nagar 1st Main Road guideline value

The current guideline value of Kurinchi Nagar 1st Main Road 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 Main Road has changed

Over the years, the guideline value of Kurinchi Nagar 1st Main Road has seen significant changes. The earliest recorded revision was in 2002, with a guideline value of Rs 307 per sq.ft. This increased to Rs 380 per sq.ft in 2003, marking a 24% rise. The value continued to rise to Rs 1,100 per sq.ft in 2007, which was an increase of 189%. In 2012, the value was Rs 3,200 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision brought the value to Rs 2,144 per sq.ft, which was a 49% increase from 2012. The value then rose to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024, showing an 11% increase from the previous year.

There are no figures available for the revisions in years prior to 2002 or after 2024 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1056%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value is Rs 3,100 per sq.ft, making the guideline value of Kurinchi Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Kurinchi Nagar 1st Main Road

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, totaling Rs 3,19,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinchi Nagar 1st Main Road?

The Kurinchi Nagar 1st Main Road is covered by 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. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Ramapuram. It serves as a benchmark for calculating the stamp duty and registration fees required for property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar 1st Main Road?

The current guideline value of Kurinchi Nagar 1st Main Road is Rs 3,550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 307 per sq.ft in 2002 to Rs 3,550 per sq.ft in 2024, which is an overall increase of 1056%.

What are the stamp duty and registration fees for a property in Kurinchi Nagar 1st Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,50,000. The stamp duty would be Rs 2,48,500, and the registration fee would be Rs 71,000, totaling Rs 3,19,500.

Which Sub Registrar Office covers Kurinchi Nagar 1st Main Road?

The Chennai South Joint II Sub Registrar Office covers Kurinchi Nagar 1st Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

Where can I find more information about the guideline values in Ramapuram?

You can find more information about the guideline values in Ramapuram by checking the official guideline value register maintained by the Registration Department.