Guideline Value for KURINJINAGAR EXT

Kurinjinagar Ext guideline value

The current guideline value of Kurinjinagar Ext is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Pazhamathoor village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Kurinjinagar Ext has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This remained unchanged in the subsequent 2017 revision, where it was Rs 268 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 400 per sq.ft. The 2023 revision maintained this rate, and in the latest 2024 revision, the guideline value remains at Rs 400 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Pazhamathoor

Pazhamathoor village has seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making Kurinjinagar Ext's 2024 figure equal to that median.

• Kurinjinagar: Rs 400 per sq.ft (2024)
• Marutham Nagar: Rs 400 per sq.ft (2024)
• Mullai Nagar: Rs 400 per sq.ft (2024)
• Neithal Nagar: Rs 400 per sq.ft (2024)
• Sai Ram Nagar: Rs 250 per sq.ft (2024)
• Askar Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinjinagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kurinjinagar Ext?

The Chengleput Joint II Sub Registrar Office covers Kurinjinagar Ext. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Pazhamathoor. It determines the minimum value at which the property can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it impacts the stamp duty and registration fees. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Kurinjinagar Ext?

The current guideline value of Kurinjinagar Ext is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent change occurring from 2023 to 2024, where it remained at Rs 400 per sq.ft. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in the 2023 revision.

What are the other streets in Pazhamathoor with guideline values?

In Pazhamathoor, other streets include Marutham Nagar, Mullai Nagar, Neithal Nagar, Sai Ram Nagar, and Askar Avenue, with values ranging from Rs 250 to Rs 400 per sq.ft.

What fees are associated with purchasing property in Kurinjinagar Ext?

When purchasing property in Kurinjinagar Ext, buyers should be aware of stamp duty at 7% and registration fees at 2% of the guideline value, which is Rs 400 per sq.ft.

Where can I find the Sub Registrar Office for Kurinjinagar Ext?

The Chengleput Joint II Sub Registrar Office, which covers Kurinjinagar Ext, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.