Guideline Value for Kurinji Nagar

Kurinji Nagar guideline value

The current guideline value of Kurinji Nagar, located in Mudichur village under the Padappai SRO, is Rs 3,630 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Kurinji Nagar has changed

The guideline value of Kurinji Nagar has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 3,300 per sq.ft in 2012, marking a rise of 1550%. However, it then decreased to Rs 2,211 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 3,300 per sq.ft in 2023, and most recently to Rs 3,630 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for Kurinji Nagar. Overall, from 2007 to 2024, the guideline value has increased by 1715%.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kurinji Nagar's current value is above this median.

• Kurinji Nagar Extension: Rs 3,630 per sq.ft (2024)
• Lakshmi Nagar: Rs 3,630 per sq.ft (2024)
• Lakshmi Nagar Extn: Rs 3,630 per sq.ft (2024)
• Kubera Mangala Nagar: Rs 3,630 per sq.ft (2024)
• Kubera Lakshmi Nagar: Rs 3,630 per sq.ft (2024)
• Krishna Raj Avenue: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, making the total fees Rs 3,26,700. Please 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 details.

Which Sub Registrar Office covers Kurinji Nagar?

The Sub Registrar Office that covers Kurinji Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mudichur, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value is used during the registration process to calculate these fees, ensuring transparency in property transactions.

When registering a property, the guideline value serves as a baseline for determining the financial obligations involved in the transaction. It is essential for both buyers and sellers to understand this value to ensure compliance with local regulations and to accurately assess the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Kurinji Nagar?

The current guideline value of Kurinji Nagar is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 3,630 per sq.ft in 2024, reflecting an overall increase of 1715%.

What is the land classification of Kurinji Nagar?

Kurinji Nagar is classified as Commercial Class I Type - I, indicating its zoning for commercial use.

What are the stamp duty rates for property in Kurinji Nagar?

The stamp duty for property in Kurinji Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kurinji Nagar located?

The Sub Registrar Office covering Kurinji Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.