Guideline Value for KURINJI NAGAR

Kurinji Nagar guideline value

The current guideline value of Kurinji Nagar, located in Thandurai village under the Avadi Sub Registrar Office (SRO), is Rs 988 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Kurinji Nagar has changed

The guideline value for Kurinji Nagar has undergone several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and finally, it rose to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 reflects a 10% increase. The revisions demonstrate fluctuations in the guideline value, highlighting the changes in property valuation over time.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value in this area is Rs 988 per sq.ft, which is the same as the current value for Kurinji Nagar.

• Kurinjima Nagar Phase-I: Rs 800 per sq.ft (2024)
• Kurinji Nagar Extn: Rs 988 per sq.ft (2024)
• Kurinjima Nagar Extn: Rs 988 per sq.ft (2024)
• Kurinjima Nagar 1st Cross St: Rs 800 per sq.ft (2024)
• Kurinjima Nagar: Rs 988 per sq.ft (2024)
• Kuninjima Nagar 2nd Cross St: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty, charged at 7%, amounts to Rs 69,160, while the registration fee at 2% is Rs 19,760. Together, the total cost for stamp duty and registration fee would be Rs 88,920. It is important to 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 Kurinji Nagar?

The Kurinji Nagar area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thandurai. It serves as a benchmark for determining 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. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kurinji Nagar?

The current guideline value of Kurinji Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification of Kurinji Nagar?

Kurinji Nagar falls under the Residential Class II Type - I land classification.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Kurinji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 at 7%.