Guideline Value for Kurinji Street Brindavan Nagar

Kurinji Street Brindavan Nagar guideline value

The current guideline value of Kurinji Street Brindavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Kurinji Street Brindavan Nagar has changed

The guideline value for Kurinji Street Brindavan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,500 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw a substantial increase to Rs 4,000 per sq.ft, followed by the current value of Rs 4,400 per sq.ft in 2024, which represents a 10% increase from the previous year.

There are no recorded figures for Kurinji Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets in 2024 is Rs 4,400 per sq.ft, which is equal to the current value of Kurinji Street Brindavan Nagar.

• Kurungaleeshwarar Koil Street: Rs 4,400 per sq.ft (2024)
• Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji Street Brindavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, these fees total Rs 3,96,000. 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 Kurinji Street Brindavan Nagar?

The Sub Registrar Office that covers Kurinji Street Brindavan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value must be considered as it directly impacts the overall cost involved in the transaction. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kurinji Street Brindavan Nagar?

The current guideline value of Kurinji Street Brindavan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 193% over the years.

What are the stamp duty and registration fees for properties in Kurinji Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Kurinji Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, handles registrations for Kurinji Street Brindavan Nagar.

What is the land classification for Kurinji Street Brindavan Nagar?

Kurinji Street Brindavan Nagar falls under the Residential Class I Type - II land classification, indicating its suitability for residential purposes.