Guideline Value for KURINCHI NAGAR

Kurinchi Nagar guideline value

The current guideline value of Kurinchi Nagar, located in Thirukkachur - 1 village under the Chengleput Joint II SRO, is Rs 660 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kurinchi Nagar has changed

The guideline value for Kurinchi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has raised it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Kurinchi Nagar.

• Kulakarai Street: Rs 385 per sq.ft (2024)
• Lss Vasantham Avenue: Rs 1,843 per sq.ft (2024)
• Kothari Nagar Phase - II: Rs 550 per sq.ft (2024)
• Kothari Nagar Phase - I: Rs 550 per sq.ft (2024)
• Kothari Nagar Phase - 3: Rs 550 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinchi Nagar?

Kurinchi Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor when registering property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official register, which helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar?

The current guideline value of Kurinchi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Kurinchi Nagar?

Kurinchi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Kurinchi Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Where is the Sub Registrar Office for Kurinchi Nagar located?

The Chengleput Joint II Sub Registrar Office, which covers Kurinchi Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.