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Guideline Value

Corporate

Guideline Value for Kurinji Nagar 1 to 6 Street

₹3550/sq.ft.

The guideline value for Kurinji Nagar 1 To 6 Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3550 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3550 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kurinji Nagar 1 To 6 Street

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Kurinji Nagar 1 to 6 Street guideline value

The current guideline value of Kurinji Nagar 1 to 6 Street is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kurinji Nagar 1 to 6 Street has changed

Over the years, the guideline value for Kurinji Nagar 1 to 6 Street has undergone several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 2,144 per sq.ft. The 2023 revision increased the value to Rs 3,200 per sq.ft, followed by a significant rise to Rs 3,550 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an increase of 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO, with guideline values for 2024 ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value is Rs 3,100 per sq.ft, placing the 2024 figure for Kurinji Nagar 1 to 6 Street above this median.

Stamp duty and registration fee for property in Kurinji Nagar 1 to 6 Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 35,50,000. The stamp duty at 7% would be Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, bringing the total to Rs 3,19,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kurinji Nagar 1 to 6 Street?

The Kurinji Nagar 1 to 6 Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ramapuram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally documented and taxed appropriately.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct tax revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kurinji Nagar 1 to 6 Street?

The current guideline value of Kurinji Nagar 1 to 6 Street is Rs 3,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase of 11% from Rs 3,200 per sq.ft in 2023 to Rs 3,550 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an increase of 11%.

What is the land classification for Kurinji Nagar 1 to 6 Street?

Kurinji Nagar 1 to 6 Street is classified as Residential Class I Type - II. This classification indicates the type of development and usage permitted in the area.

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

The Sub Registrar Office covering Kurinji Nagar 1 to 6 Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and a registration fee of 2% is also applicable.