Guideline Value for KURINJI ST

Kurinji St guideline value

The current guideline value of Kurinji St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Kurinji St has changed

The guideline value for Kurinji St has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the most recent 2024 revision raised it to Rs 935 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a significant increase from Rs 569 per sq.ft in 2017 to Rs 935 per sq.ft in 2024, which is a 49% rise. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Kurinji St.

• Kumaran Street & Nagar: Rs 1,310 per sq.ft (2024)
• Kumaran St: Rs 935 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,625 per sq.ft (2024)
• Lal Bahadur Sasthiri St: Rs 810 per sq.ft (2024)
• Krishnamurthy St: Rs 935 per sq.ft (2024)
• Krishnamenan St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, leading to a total of Rs 84,150. 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 St?

The Sub Registrar Office that covers Kurinji St is 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 Vilingiyambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the officially recognized value of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Kurinji St?

The current guideline value of Kurinji St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Kurinji St?

Kurinji St is classified as Residential Class II Type - II, which indicates the type of development allowed in this area.

What is the stamp duty rate for properties in Kurinji St?

The stamp duty for properties in Kurinji St is charged at a rate of 7% based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kurinji St located?

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