Guideline Value for Kuravar Kudisai

Kuravar Kudisai guideline value

The current guideline value of Kuravar Kudisai, located in Kodungaiyur village under the Madhavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under Residential Class II Type - I land classification.

How the guideline value of Kuravar Kudisai has changed

Over the years, the guideline value of Kuravar Kudisai has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, the following 2023 revision increased it to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. Then, from 2017 to 2023, it increased significantly by 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Kuravar Kudisai's 2024 figure below this median.

• Kurinji Nagar Cross Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar (Koyyathoppu): Rs 2,700 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Lakshmi Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kuravar Kudisai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 Kuravar Kudisai?

The Sub Registrar Office that covers Kuravar Kudisai is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are compliant with the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. This value is regularly updated to reflect changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Kuravar Kudisai?

The current guideline value of Kuravar Kudisai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other street guideline values in Kodungaiyur?

Other streets in Kodungaiyur have a guideline value of Rs 2,700 per sq.ft for 2024. This includes streets like Kurinji Nagar Cross Street, Kumaran Nagar (Koyyathoppu), and Lakshmi Amman Koil Street, among others.

What are the stamp duty and registration fees for properties in Kuravar Kudisai?

The stamp duty for properties in Kuravar Kudisai is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,98,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in Kuravar Kudisai.