Guideline Value for KURUNJI NAGAR

Kurunji Nagar guideline value

The current guideline value of Kurunji Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is part of Tiruttani village under the Thiruttani SRO, classified as Residential Special Type - II.

How the guideline value of Kurunji Nagar has changed

The guideline value for Kurunji Nagar has undergone several revisions over the years. The register has no figures for this street from the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 1,400 per sq.ft, which increased by 10% to Rs 1,540 per sq.ft in 2024.

This increase reflects the adjustments made by the registration department based on various factors. The guideline value for 2024 is now established at Rs 1,540 per sq.ft, indicating a significant rise from the previous year's figure.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value across these streets is Rs 825 per sq.ft, placing Kurunji Nagar's 2024 figure above this median.

• Lakshmanan Street: Rs 825 per sq.ft (2024)
• Kumara Kuppam 4th Street: Rs 550 per sq.ft (2024)
• Kumara Kuppam 3rd Street: Rs 550 per sq.ft (2024)
• Kumara Kuppam 2nd Street: Rs 550 per sq.ft (2024)
• Kumara Kuppam 1st Street: Rs 550 per sq.ft (2024)
• Kumarakupamcolony: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kurunji Nagar?

The Sub Registrar Office covering Kurunji Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the costs involved. It is essential to consider the guideline value when planning a property transaction in this area.

Frequently asked questions

What is the current guideline value for Kurunji Nagar?

The current guideline value for Kurunji Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kurunji Nagar has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Kurunji Nagar?

Kurunji Nagar is classified as Residential Special Type - II under the guideline value register.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated for property in Kurunji Nagar?

Stamp duty for property in Kurunji Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 15,40,000, leading to a stamp duty of Rs 1,07,800.