Guideline Value

Corporate

Guideline Value for KURINJI NAGAR

₹550/sq.ft.

The guideline value for Kurinji Nagar in Agaramthen village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Agaramthen

Village

Tambaram Joint 1

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kurinji Nagar

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Kurinji Nagar guideline value

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

How the guideline value of Kurinji Nagar has changed

The guideline value for Kurinji Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which was then increased to Rs 500 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision reflects a significant change of +10%, while the increase from 2017 to 2023 was +49%.

Guideline values in Agaramthen

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

Stamp duty and registration fee for property in Kurinji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. 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 Kurinji Nagar?

The Sub Registrar Office that covers Kurinji Nagar 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 information.

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

The guideline value is a crucial factor in property transactions within Agaramthen. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. This value is used by the registration department to calculate the applicable stamp duty and registration fees during the transaction process.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the costs involved in the registration of the property. Understanding this value helps ensure that buyers and sellers are adequately informed about their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kurinji Nagar?

The current guideline value of Kurinji Nagar 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 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

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

For a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500 for these fees.

Where is the Sub Registrar Office for Kurinji Nagar located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles registrations for properties in Kurinji Nagar.

How is the guideline value used in property transactions?

The guideline value is used to calculate the minimum value for property transactions, which affects the stamp duty and registration fees. It ensures that buyers and sellers are aware of their financial obligations during the registration process.