Guideline Value for KURINJI NAGAR EXTN

Kurinji Nagar Extn guideline value

The current guideline value of Kurinji Nagar Extn is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Kurinji Nagar Extn has changed

Over the years, the guideline value of Kurinji Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision, and the latest revision in 2024 has raised it to Rs 550 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between these revisions, the changes have varied significantly. From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, placing Kurinji Nagar Extn's 2024 figure below that median.

• Kurinji Nagar: Rs 550 per sq.ft (2024)
• Kurunji Nagar 1st Main Road: Rs 440 per sq.ft (2024)
• Kurunji Nagar 1st Street: Rs 440 per sq.ft (2024)
• Kurunji Nagar 2nd Main Road: Rs 440 per sq.ft (2024)
• Kurunji Nagar 2nd Street: Rs 440 per sq.ft (2024)
• Kurunji Nagar 3rd Main Road: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinji Nagar Extn?

The Sub Registrar Office that covers Kurinji Nagar Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Agaramthen. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When you buy or sell property, the guideline value helps in calculating the applicable taxes and fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kurinji Nagar Extn?

The current guideline value of Kurinji Nagar Extn is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the registration office for Kurinji Nagar Extn?

The registration office for Kurinji Nagar Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the stamp duty and registration fees for property in Kurinji Nagar Extn?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 5,50,000, the total fees would be Rs 49,500.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, which in turn affects the stamp duty and registration fees payable during a transaction.