Guideline Value for KURINJIMA NAGAR

Kurinjima Nagar guideline value

The current guideline value of Kurinjima Nagar, located in Thandurai village under the Avadi 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 Kurinjima Nagar has changed

The guideline value for Kurinjima Nagar has undergone several revisions over the years. In 2002, the value was Rs 77 per sq.ft, which increased to Rs 89 per sq.ft in 2003, marking a change of +16%. The value saw a significant rise to Rs 386 per sq.ft in 2007, an increase of +334%. Following this, in 2012, the value was Rs 900 per sq.ft, reflecting a +133% change from the previous revision. However, it dropped to Rs 603 per sq.ft in 2017, a decrease of -33%. The value then rose to Rs 900 per sq.ft in 2023, with a +49% change, before reaching the current value of Rs 988 per sq.ft in 2024, which is an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1183%. It is important to note that the register has no figure for the years not specifically mentioned for this street.

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 value is Rs 988 per sq.ft, which is equal to the guideline value of Kurinjima Nagar.

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

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 at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees together to Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kurinjima Nagar?

The Sub Registrar Office that covers Kurinjima Nagar 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 Thandurai

The guideline value is a critical factor in the registration process when buying or selling property in Thandurai. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the value of the property being transacted.

When a property is registered, the higher of the guideline value and the sale price is used to determine the applicable duties. This ensures that both the buyer and seller are aware of the financial implications based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kurinjima Nagar?

The current guideline value of Kurinjima 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 77 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of +1183% over the years.

What is the median guideline value in Thandurai?

The median guideline value in Thandurai is Rs 988 per sq.ft, which is the same as the current value for Kurinjima Nagar.

What are the registration fees for a property in Kurinjima Nagar?

The registration fees for a property in Kurinjima Nagar include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kurinjima Nagar located?

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