Guideline Value for KURUNJI NAGAR 1 TO 6 MAIN ROAD

Kurunji Nagar 1 To 6 Main Road guideline value

The current guideline value of Kurunji Nagar 1 To 6 Main Road is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Kovilambakkam village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kurunji Nagar 1 To 6 Main Road has changed

The guideline value for Kurunji Nagar 1 To 6 Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. This was an overall drop of 33%. However, the value increased significantly to Rs 2,000 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 2,160 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Kovilambakkam

Kovilambakkam has 61 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,610 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Kurunji Nagar 1 To 6 Main Road is below this median.

• Kurunji Nagar: Rs 2,160 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,380 per sq.ft (2024)
• Kulathur 1 to 14 Streets: Rs 2,160 per sq.ft (2024)
• Kulakarai Street: Rs 2,160 per sq.ft (2024)
• Maangali Amman Koil Road: Rs 4,400 per sq.ft (2024)
• Madipakkam Main Road: Rs 4,070 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunji Nagar 1 To 6 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, making the total charges Rs 1,94,400. Please 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 information.

Which Sub Registrar Office covers Kurunji Nagar 1 To 6 Main Road?

The Sub Registrar Office that covers Kurunji Nagar 1 To 6 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process for property transactions in Kovilambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is crucial to refer to the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kurunji Nagar 1 To 6 Main Road?

The current guideline value of Kurunji Nagar 1 To 6 Main Road is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What is the land classification for Kurunji Nagar 1 To 6 Main Road?

The land classification for Kurunji Nagar 1 To 6 Main Road is Residential Class II Type - I.

What are the stamp duty and registration fees for properties in Kurunji Nagar?

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Where is the Sub Registrar Office for Kurunji Nagar located?

The Sub Registrar Office for Kurunji Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.