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Guideline Value

Corporate

Guideline Value for Kurinji Nagar 1st & 2nd Lane

₹3550/sq.ft.

The guideline value for Kurinji Nagar 1st & 2nd Lane 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 1st & 2nd Lane

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Kurinji Nagar 1st & 2nd Lane guideline value

The current guideline value for Kurinji Nagar 1st & 2nd Lane is Rs 3,550 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kurinji Nagar 1st & 2nd Lane has changed

The guideline value for Kurinji Nagar 1st & 2nd Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in 2017. However, in 2023, the value increased to Rs 3,200 per sq.ft again, and the latest revision in 2024 raised it further to Rs 3,550 per sq.ft. There are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. Following this, there was a significant increase of 49% from 2017 to 2023. The value then increased by 11% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO, with guideline values ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value in the area is Rs 3,100 per sq.ft, placing Kurinji Nagar 1st & 2nd Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Kurinji Nagar 1st & 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,550 per sq.ft, the total guideline value would be Rs 35,50,000. The stamp duty at 7% would amount to Rs 2,48,500, and the registration fee at 2% would be Rs 71,000, bringing the total fees 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 detailed calculations.

Which Sub Registrar Office covers Kurinji Nagar 1st & 2nd Lane?

The Sub Registrar Office that covers Kurinji Nagar 1st & 2nd Lane is 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 online for more information.

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

The guideline value plays a crucial role in property transactions in Ramapuram, as it serves as a benchmark for determining the minimum value of a property during registration. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Kurinji Nagar 1st & 2nd Lane?

The current guideline value for Kurinji Nagar 1st & 2nd Lane 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 changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,550 per sq.ft in 2024.

What is the land classification for Kurinji Nagar 1st & 2nd Lane?

Kurinji Nagar 1st & 2nd Lane is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,19,500.

Where can I find the Sub Registrar Office for Kurinji Nagar 1st & 2nd Lane?

The Sub Registrar Office for Kurinji Nagar 1st & 2nd Lane is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.