Guideline Value for Kurinchi Nagar Saranga Avenue Link Road

Kurinchi Nagar Saranga Avenue Link Road guideline value

The current guideline value of Kurinchi Nagar Saranga Avenue Link Road is Rs 3,960 per sq.ft. This road is located in Perungalathur village, under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kurinchi Nagar Saranga Avenue Link Road has changed

In the 2012 revision, the guideline value was set at Rs 3,600 per sq.ft. This figure decreased to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. However, in the 2023 revision, the value increased significantly to Rs 3,600 per sq.ft, and then further rose by 10% to the current value of Rs 3,960 per sq.ft effective from 1 July 2024.

Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Kurinchi Nagar Saranga Avenue Link Road above this median.

• Kurinji Nagar: Rs 2,970 per sq.ft (2024)
• Kurinji Nagar Extension: Rs 2,970 per sq.ft (2024)
• Kundu Medu: Rs 1,980 per sq.ft (2024)
• Lake Park View I: Rs 1,320 per sq.ft (2024)
• Lake Park View II: Rs 1,320 per sq.ft (2024)
• Kumarappa Salai: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinchi Nagar Saranga Avenue Link Road

For a 1,000 sq.ft plot at the current rate of Rs 3,960 per sq.ft, the guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. 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 Saranga Avenue Link Road?

The Sub Registrar Office that covers Kurinchi Nagar Saranga Avenue Link Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When buying or selling property in Perungalathur, it is important to note that the guideline value may influence negotiations and pricing. However, the final sale price may differ based on various factors, including market conditions and property specifics.

Frequently asked questions

What is the current guideline value of Kurinchi Nagar Saranga Avenue Link Road?

The current guideline value of Kurinchi Nagar Saranga Avenue Link Road is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then back to Rs 3,600 in 2023, and finally to Rs 3,960 in 2024.

What is the land classification for Kurinchi Nagar Saranga Avenue Link Road?

Kurinchi Nagar Saranga Avenue Link Road is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Padappai Sub Registrar Office covers Kurinchi Nagar Saranga Avenue Link Road, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Kurinchi Nagar Saranga Avenue Link Road?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 39,60,000, the stamp duty at 7% would be Rs 2,77,200.