Guideline Value for KURUNJI NAGAR

Kurunji Nagar guideline value

The current guideline value of Kurunji Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This village is located in Uthukkadu under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of Kurunji Nagar has changed

According to the revisions available, the guideline value for Kurunji Nagar has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to these, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, which remained at Rs 300 per sq.ft, indicating a stable valuation for this period.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Kurunji Nagar's 2024 figure is below this median.

• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Lakshmi Narasima Perumal Nagar Phase-II: Rs 300 per sq.ft (2024)
• Lakshmi Narasimman Nagar: Rs 300 per sq.ft (2024)
• Krisna Garden: Rs 400 per sq.ft (2024)
• Meenakshi Nagar: Rs 350 per sq.ft (2024)
• Mithilai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunji Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 precise calculations.

Which Sub Registrar Office covers Kurunji Nagar?

The Sub Registrar Office that covers Kurunji Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor during property transactions in Uthukkadu - A, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that the transaction is officially recognized and recorded by the authorities.

Frequently asked questions

What is the current guideline value of Kurunji Nagar?

The current guideline value of Kurunji Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kurunji Nagar has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Uthukkadu - A?

Other streets in Uthukkadu - A have a guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Kurunji Nagar's value is below this median.

What fees are associated with property registration in Kurunji Nagar?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kurunji Nagar located?

The Walajabad Sub Registrar Office covers Kurunji Nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.