Guideline Value for KURINJIMA NAGAR EXTN

Kurinjima Nagar Extn guideline value

The current guideline value of Kurinjima Nagar Extn is Rs 988 per sq.ft. This area is located in Thandurai village and is classified under Residential Class II Type - I, falling under the jurisdiction of the Avadi SRO.

How the guideline value of Kurinjima Nagar Extn has changed

The guideline value for Kurinjima Nagar Extn has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 988 per sq.ft, reflecting a 10% increase from Rs 900 per sq.ft in the 2023 revision. Prior to that, the value was Rs 603 per sq.ft in 2017, indicating a substantial increase of 49% over the six years. The 2012 revision also recorded a value of Rs 900 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, 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 is Rs 988 per sq.ft, which is the same as the current value for Kurinjima Nagar Extn.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total cost for these fees to Rs 88,920. 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 Kurinjima Nagar Extn?

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

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Kurinjima Nagar Extn?

The current guideline value of Kurinjima Nagar Extn 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 2023 to Rs 988 per sq.ft in 2024, reflecting a 10% increase. It was Rs 603 per sq.ft in 2017, which shows a 49% increase from that year to 2023.

What are the other streets in Thandurai with guideline values?

Other streets in Thandurai include Kurinjima Nagar 1st Cross St and Kurinjima Nagar Phase-I, both valued at Rs 800 per sq.ft, while Kurinjima Nagar and Kurinji Nagar are valued at Rs 988 per sq.ft in 2024.

What fees are associated with buying property in Kurinjima Nagar Extn?

When purchasing property in Kurinjima Nagar Extn, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

Which office do I need to visit for property registration in Kurinjima Nagar Extn?

The Avadi Sub Registrar Office is responsible for property registration in Kurinjima Nagar Extn, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.