Guideline Value for Kurinchi Nagar 3rd St

Kurinchi Nagar 3rd St guideline value

The current guideline value of Kurinchi Nagar 3rd St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Kurinchi Nagar 3rd St has changed

The guideline value for Kurinchi Nagar 3rd St has undergone several revisions since 2012. In 2012, the value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 3,000 per sq.ft, and in the latest 2024 revision, it has further increased by 10% to Rs 3,300 per sq.ft. The register has no figures for this street in the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes reflect the fluctuations in property valuation over the years, with the most recent revision aligning with the median value of Rs 3,300 per sq.ft for the 360 streets in Tambaram under the Tambaram Joint 1 SRO.

Guideline values in Tambaram

The guideline values for properties in Tambaram range from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kurinchi Nagar 3rd St's current guideline value matches this median.

• Kurinchi Nagar 2nd St: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar 4th St: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar 1st St: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Kurinchi Nagar: Rs 3,300 per sq.ft (2024)
• Kumar Avenue: Rs 6,050 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinchi Nagar 3rd St

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kurinchi Nagar 3rd St?

The Sub Registrar Office that covers Kurinchi Nagar 3rd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar 3rd St?

The current guideline value of Kurinchi Nagar 3rd St 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 changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Kurinchi Nagar 3rd St?

Kurinchi Nagar 3rd St is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kurinchi Nagar 3rd St?

The Sub Registrar Office for Kurinchi Nagar 3rd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kurinchi Nagar 3rd St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.