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Guideline Value

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Guideline Value for KURINCHI NAGAR 2ND MAIN ROAD

₹3550/sq.ft.

The guideline value for Kurinchi Nagar 2nd 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 N/A
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 2nd Main Road

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Kurinchi Nagar 2nd Main Road guideline value

The current guideline value of Kurinchi Nagar 2nd Main Road is Rs 3,550 per sq.ft, effective from 1 July 2024. This road is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kurinchi Nagar 2nd Main Road has changed

The guideline value for Kurinchi Nagar 2nd Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 307 per sq.ft, which increased to Rs 380 per sq.ft in 2003, marking a 24% rise. The value continued to rise significantly, reaching Rs 3,200 per sq.ft in 2012, an increase of 742% from the 2003 figure. However, it then dropped by 33% to Rs 2,144 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 3,200 per sq.ft, followed by an 11% rise to the current value of Rs 3,550 per sq.ft in 2024.

Notably, there is no figure available for the year 2007 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,056%.

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, and the median value is Rs 3,100 per sq.ft. The guideline value for Kurinchi Nagar 2nd Main Road is above this median.

Stamp duty and registration fee for property in Kurinchi Nagar 2nd 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 is 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. Together, the total cost would be Rs 3,19,500. It is important to note that 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 2nd Main Road?

The Sub Registrar Office that covers Kurinchi Nagar 2nd Main Road 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. 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 crucial factor when buying or selling property in Ramapuram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These costs are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar 2nd Main Road?

The current guideline value of Kurinchi Nagar 2nd Main Road 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 307 per sq.ft in 2002 to Rs 3,550 per sq.ft in 2024, reflecting an overall increase of 1,056% over the years.

What is the registration office for Kurinchi Nagar 2nd Main Road?

The registration office for Kurinchi Nagar 2nd Main Road 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.

How is stamp duty calculated for properties in Kurinchi Nagar?

Stamp duty for properties in Kurinchi Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 35,50,000 would incur a stamp duty of Rs 2,48,500 at 7%.

What is the land classification for Kurinchi Nagar 2nd Main Road?

Kurinchi Nagar 2nd Main Road is classified as Residential Class I Type - II, which influences its guideline value and potential usage for residential purposes.