Guideline Value for Kurathiamman Koil Cross Street

Kurathiamman Koil Cross Street guideline value

The current guideline value of Kurathiamman Koil Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram 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 2003, the value was Rs 181 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +231%. The value remained unchanged at Rs 2,500 per sq.ft from 2012 through 2023, before rising to Rs 2,750 per sq.ft in the 2024 revision, reflecting a +10% increase.

There are no figures available for the years 2002 and 2017 for this street. Overall, from the 2003 revision to the current 2024 revision, the guideline value has increased by +1419%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value in this area is Rs 3,300 per sq.ft, which means Kurathiamman Koil Cross Street's 2024 figure is below that median.

• Kurathiamman Koil Street: Rs 3,300 per sq.ft (2024)
• Kurunji Nagar: Rs 3,520 per sq.ft (2024)
• Kunasekarapuram: Rs 3,300 per sq.ft (2024)
• Kuvari Kattabomman Street: Rs 2,160 per sq.ft (2024)
• Kuvari Mettu Street: Rs 3,300 per sq.ft (2024)
• Kuvari Road: Rs 2,100 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 of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurathiamman Koil Cross Street?

The Kurathiamman Koil Cross Street is covered by 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 Zaminpallavaram

The guideline value is an essential factor in real estate transactions in Zaminpallavaram. It serves as a reference point for determining the stamp duty and registration fees payable when buying or selling property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value may influence the sale price, as it reflects the official valuation of the property. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 181 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting a significant overall increase of +1419% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 2,750 per sq.ft, the total fees would be Rs 2,47,500.

Which Sub Registrar Office is responsible for Kurathiamman Koil Cross Street?

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

What is the classification of Kurathiamman Koil Cross Street?

Kurathiamman Koil Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.