Guideline Value for Kurathiamman Koil Cross Street

Kurathiamman Koil Cross Street guideline value

The current guideline value of Kurathiamman Koil Cross Street is Rs 2,160 per sq.ft. This street is located in Nemilicherry village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kurathiamman Koil Cross Street has changed

The guideline value for Kurathiamman Koil Cross Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, this value decreased by 33% to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest 2024 revision has increased it to Rs 2,160 per sq.ft, reflecting an 8% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 620%.

Guideline values in Nemilicherry

In Nemilicherry village, there are 172 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 2,160 per sq.ft, which is equal to the current guideline value of Kurathiamman Koil Cross Street.

• Kurathiamman Koil Street: Rs 2,160 per sq.ft (2024)
• Kuppu Naicken Pettai: Rs 2,160 per sq.ft (2024)
• Kuppan Street: Rs 2,160 per sq.ft (2024)
• Kurinji Nagar: Rs 2,420 per sq.ft (2024)
• Kumarapuram: Rs 2,750 per sq.ft (2024)
• Kumaran Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kurathiamman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, making the total cost Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kurathiamman Koil Cross Street?

The Sub Registrar Office that covers Kurathiamman Koil Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Nemilicherry. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory charges during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall cost of property transactions. The registration office uses this value to ensure that the appropriate fees are collected based on the property's worth.

Frequently asked questions

What is the current guideline value of Kurathiamman Koil Cross Street?

The current guideline value of Kurathiamman Koil Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 620% since 2007.

What is the land classification for Kurathiamman Koil Cross Street?

The land classification for Kurathiamman Koil Cross Street is Residential Class II Type - I.

Where can I find the registration office for Kurathiamman Koil Cross Street?

The registration office for Kurathiamman Koil Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Kurathiamman Koil Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value of Rs 2,160 per sq.ft would incur a total guideline value of Rs 21,60,000.