Guideline Value for KURINJINAGAR

Kurinjinagar guideline value

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

How the guideline value of Kurinjinagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a drop of 33%. The value then increased significantly in the 2023 revision, returning to Rs 400 per sq.ft, and remained the same in the 2024 revision, showing no change of 0% from the previous year.

Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 400 per sq.ft. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Pazhamathoor

Pazhamathoor village has a range of guideline values for its streets under the Chengleput Joint II SRO, with figures varying from Rs 250 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which aligns with the 2024 figure for Kurinjinagar.

• Kurinjinagar Ext: 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

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 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 details.

Which Sub Registrar Office covers Kurinjinagar?

The Sub Registrar Office covering Kurinjinagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Pazhamathoor

The guideline value plays a crucial role in the registration process when buying or selling property in Pazhamathoor. It serves as a benchmark for calculating the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kurinjinagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017, followed by a return to Rs 400 per sq.ft in 2023 and 2024. There are no recorded figures for the years 2002, 2003, and 2007.

What is the median guideline value in Pazhamathoor?

The median guideline value in Pazhamathoor is Rs 400 per sq.ft, which is consistent with the current value for Kurinjinagar.

What are the stamp duty rates for properties in Kurinjinagar?

The stamp duty for properties in Kurinjinagar is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Kurinjinagar?

The Chengleput Joint II Sub Registrar Office, which covers Kurinjinagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more details.