Guideline Value for Kurinchi Nagar 4th St

Kurinchi Nagar 4th St guideline value

The current guideline value of Kurinchi Nagar 4th St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kurinchi Nagar 4th St has changed

The guideline value for Kurinchi Nagar 4th St has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. This was a decline of 33%. However, the value rebounded significantly to Rs 3,000 per sq.ft in the 2023 revision, followed by an increase to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the 2024 value of Kurinchi Nagar 4th St.

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

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 fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinchi Nagar 4th St?

The Sub Registrar Office that covers Kurinchi Nagar 4th 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value can impact the overall cost of property transactions.

When registering a property, the guideline value serves as a benchmark for the transaction value. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar 4th St?

The current guideline value of Kurinchi Nagar 4th 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Kurinchi Nagar 4th St?

The land classification for Kurinchi Nagar 4th St is Residential Class I Type - I.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kurinchi Nagar 4th St?

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