Guideline Value for Kurinji Nagar Thamarai Street

Kurinji Nagar Thamarai Street guideline value

The current guideline value of Kurinji Nagar Thamarai Street is Rs 2,860 per sq.ft. This street is located in Porur village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kurinji Nagar Thamarai Street has changed

The guideline value for Kurinji Nagar Thamarai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,600 per sq.ft, which was followed by a decrease to Rs 1,742 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,600 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing Kurinji Nagar Thamarai Street's 2024 figure below this median.

• Kurinji nagar Roja Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Malligai Street: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar Main Road: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar Rathi Street: Rs 2,860 per sq.ft (2024)
• Kuppusamy Street (Highways): Rs 2,860 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,860 per sq.ft, the guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, totaling Rs 2,57,400. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kurinji Nagar Thamarai Street?

The Sub Registrar Office that covers Kurinji Nagar Thamarai Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

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 and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kurinji Nagar Thamarai Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 2,600 per sq.ft in 2012, decreasing to Rs 1,742 per sq.ft in 2017, and then increasing to Rs 2,600 per sq.ft in 2023. The latest revision in 2024 set it at Rs 2,860 per sq.ft.

What are the other streets in Porur with the same guideline value?

Several other streets in Porur have the same guideline value of Rs 2,860 per sq.ft in 2024, including Kurinji nagar Roja Street, Kurinji Nagar Malligai Street, Kurunji Nagar, Kurunji Nagar Main Road, Kurunji Nagar Rathi Street, and Kuppusamy Street (Highways).

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

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400. These fees are calculated based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office covering Kurinji Nagar Thamarai Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can visit the office for registration-related queries.