Guideline Value for Kurathiamman Koil Street

Kurathiamman Koil Street guideline value

The current guideline value of Kurathiamman Koil Street is Rs 2,160 per sq.ft. This street is located in Nemilicherry village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kurathiamman Koil Street has changed

Over the years, the guideline value for Kurathiamman Koil Street has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 has set the guideline value at Rs 2,160 per sq.ft, marking an increase of 8% from the previous year.

In summary, from the 2007 revision to the 2024 revision, the guideline value has increased by 620%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nemilicherry

In Nemilicherry, 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 for these streets is Rs 2,160 per sq.ft, which is the same as the current guideline value for Kurathiamman Koil Street.

• Kurathiamman Koil Cross 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 Street

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, bringing the total fees to 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 detailed calculations.

Which Sub Registrar Office covers Kurathiamman Koil Street?

The Sub Registrar Office that covers Kurathiamman Koil Street 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemilicherry. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. This helps maintain transparency in property transactions and ensures that all parties are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Kurathiamman Koil Street?

The current guideline value of Kurathiamman Koil 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, reflecting an overall increase of 620% over this period.

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

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

What are the stamp duty and registration fees for property in Kurathiamman Koil Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,94,400.

What is the land classification for Kurathiamman Koil Street?

The land classification for Kurathiamman Koil Street is Residential Class II Type - I, indicating its use for residential purposes.