Guideline Value for KURINJI NAGAR

Kurinji Nagar guideline value

The current guideline value of Kurinji Nagar, located in Pukkathurai village under the Madurandakam SRO, is Rs 301 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Kurinji Nagar has changed

The guideline value for Kurinji Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision. The 2017 revision saw a significant increase to Rs 201 per sq.ft, marking a 49% rise from the previous 2012 figure. However, the value dropped back to Rs 300 per sq.ft in 2012, indicating a decrease of 33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is 0%, as the 2024 value matches the 2012 figure. The most recent revision from 2023 to 2024 shows no change, with both years recording a guideline value of Rs 301 per sq.ft.

Guideline values in Pukkathurai

Pukkathurai village has eight streets under the Madurandakam SRO carrying a 2024 guideline value ranging from Rs 301 to Rs 750 per sq.ft, with a median value of Rs 401 per sq.ft. Kurinji Nagar's 2024 figure is below this median.

• Rpg Global City: Rs 301 per sq.ft (2024)
• Rpg Metro City: Rs 401 per sq.ft (2024)
• Anbu Priyal Nagar: Rs 401 per sq.ft (2024)
• S.V.T.Nagar: Rs 401 per sq.ft (2024)
• Teachers Lalith Nagar: Rs 401 per sq.ft (2024)
• Sameera Meridian Phase-I: Rs 500 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 301 per sq.ft, the total guideline value amounts to Rs 3,01,000. The stamp duty at 7% would be Rs 21,070, and the registration fee at 2% would be Rs 6,020, bringing the total charges to Rs 27,090. It is important to note that 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 details.

Which Sub Registrar Office covers Kurinji Nagar?

The Sub Registrar Office that covers Kurinji Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pukkathurai. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kurinji Nagar?

The current guideline value of Kurinji Nagar is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 301 per sq.ft in 2024. The value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2012, indicating a 49% rise over that period.

What is the land classification for Kurinji Nagar?

Kurinji Nagar is classified as Residential Special Type - I, which indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for Kurinji Nagar?

The Madurandakam Sub Registrar Office covers Kurinji Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the 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 3,01,000, the stamp duty would be Rs 21,070 at 7%.