Guideline Value

Corporate

Guideline Value for KURINCHI NAGAR

₹1650/sq.ft.

The guideline value for Kurinchi Nagar in Sivabootham village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sivabootham

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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
044-29510536
[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

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Kurinchi Nagar guideline value

The current guideline value of Kurinchi Nagar, located in Sivabootham village under the Chennai South Joint I SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kurinchi Nagar has changed

Over the years, the guideline value for Kurinchi Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and further rose to Rs 1,650 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is notable that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sivabootham

Sivabootham village has a range of guideline values for its streets, with 39 streets under the Chennai South Joint I SRO carrying a 2024 figure from Rs 1,120 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the guideline value for Kurinchi Nagar.

Stamp duty and registration fee for property in Kurinchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kurinchi Nagar?

The Sub Registrar Office that covers Kurinchi Nagar is the Chennai South Joint I 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 Sivabootham

When buying or selling property in Sivabootham, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is crucial for buyers and sellers to be aware of the current guideline value, as it affects the overall costs involved in the registration process. Ensuring that the sale price is in line with the guideline value can facilitate smoother transactions and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar?

The current guideline value of Kurinchi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets with the same guideline value in Sivabootham?

Other streets in Sivabootham with the same guideline value of Rs 1,650 per sq.ft include Lakshmi Nagar, Lakshmi Nagar 1st Street, Lakshmi Nagar 2nd Street, Maharishir Avenue Extn, Maharishi Teacher Colony Main Road, and Maharishi Teacher Housing Society.

What is the registration office for Kurinchi Nagar?

The registration office for Kurinchi Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Kurinchi Nagar?

The stamp duty for properties in Kurinchi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.