Guideline Value for Kurinji Nagar

Kurinji Nagar guideline value

The current guideline value of Kurinji Nagar, located in Perungalathur village under the Padappai SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Kurinji Nagar has changed

The guideline value for Kurinji Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 980%. However, it then decreased to Rs 1,809 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 2,700 per sq.ft in the 2023 revision, and then saw an increase of 10% to Rs 2,970 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1088%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,310 per sq.ft, placing Kurinji Nagar's 2024 figure above this median.

• Kurinchi Nagar Saranga Avenue Link Road: Rs 3,960 per sq.ft (2024)
• Kurinji Nagar Extension: Rs 2,970 per sq.ft (2024)
• Kundu Medu: Rs 1,980 per sq.ft (2024)
• Lake Park View I: Rs 1,320 per sq.ft (2024)
• Lake Park View II: Rs 1,320 per sq.ft (2024)
• Kumarappa Salai: Rs 2,640 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 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total fees together to Rs 2,67,300. It is important to note that 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 information.

Which Sub Registrar Office covers Kurinji Nagar?

The Sub Registrar Office covering 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 details.

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

The guideline value is a crucial factor in property transactions in Perungalathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kurinji Nagar?

The current guideline value of Kurinji Nagar is Rs 2,970 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 250 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 1088% over the years.

What is the stamp duty rate for properties in Kurinji Nagar?

The stamp duty rate for properties in Kurinji Nagar is 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 for Kurinji Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the guideline values for other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values, with rates ranging from Rs 1,320 to Rs 5,500 per sq.ft. Notable streets include Kurinchi Nagar Saranga Avenue Link Road at Rs 3,960 per sq.ft and Kumarappa Salai at Rs 2,640 per sq.ft.