Guideline Value for Kurinji Nagar Cross Street

Kurinji Nagar Cross Street guideline value

The current guideline value of Kurinji Nagar Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kurinji Nagar Cross Street has changed

Over the years, the guideline value for Kurinji Nagar Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2024, the value increased significantly to Rs 2,700 per sq.ft, marking a 61% rise. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value.

The register does not provide figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only revisions noted are from 2012, 2017, and the current 2024 figure.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Kurinji Nagar Cross Street.

• Kuravar Kudisai: Rs 2,200 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar (Koyyathoppu): Rs 2,700 per sq.ft (2024)
• Kumaran Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Lakshmi Street: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kurinji Nagar Cross Street?

The Sub Registrar Office that covers Kurinji Nagar Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of Kurinji Nagar Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024, marking a significant rise in the most recent revision.

What is the land classification for Kurinji Nagar Cross Street?

Kurinji Nagar Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Kurinji Nagar Cross Street?

Stamp duty for properties in Kurinji Nagar Cross Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,89,000.