Guideline Value for Kurathiamman Koil Street

Kurathiamman Koil Street guideline value

The current guideline value of Kurathiamman Koil Street is Rs 3,300 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 I Type - II.

How the guideline value of Kurathiamman Koil Street has changed

The guideline value for Kurathiamman Koil Street has seen several revisions over the years. In 2003, the guideline 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 3,000 per sq.ft during the 2012 and 2023 revisions. However, from 2023 to 2024, the guideline value increased to Rs 3,300 per sq.ft, reflecting a change of +10%.

Notably, the 2017 and 2002 revisions do not have figures recorded for this street. Overall, from 2003 to 2024, the guideline value has increased by +1723%, showcasing a substantial rise over the years.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Kurathiamman Koil Street.

• Kurathiamman Koil Cross Street: Rs 2,750 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 Street?

The Kurathiamman Koil Street falls under 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 a crucial factor in the registration process of property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Kurathiamman Koil Street?

The current guideline value of Kurathiamman Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 181 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, a rise of +1723% overall. The value was Rs 600 per sq.ft in 2007, Rs 3,000 per sq.ft in 2012 and remained the same until 2023.

What are the other streets in Zaminpallavaram and their values?

Other streets in Zaminpallavaram have varying guideline values, with Kurathiamman Koil Cross Street at Rs 2,750 per sq.ft and Kurunji Nagar at Rs 3,520 per sq.ft, among others. The values range from Rs 2,100 to Rs 11,000 per sq.ft.

What is the registration fee for property in Kurathiamman Koil Street?

The registration fee for property is calculated based on the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000 at 2% of the guideline value.

Which office handles the registration for Kurathiamman Koil Street?

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