Guideline Value for Kurinji Nagar

Kurinji Nagar guideline value

The current guideline value of Kurinji Nagar, located in Allappakkam village under the Chengleput Joint I SRO, is Rs 902 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - IV.

How the guideline value of Kurinji Nagar has changed

The guideline value for Kurinji Nagar has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 260 per sq.ft, which increased significantly to Rs 900 in 2012. However, there was a decrease to Rs 603 per sq.ft in 2017. The value then rose to Rs 900 in 2023, and currently stands at Rs 902 per sq.ft in the 2024 revision, reflecting no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 247%. The revisions from 2017 to 2023 saw a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The 2007 to 2012 period experienced a substantial increase of 246%.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value of Kurinji Nagar is below this median.

• Lakshmi Nagar: Rs 1,102 per sq.ft (2024)
• Kengu Nagar: Rs 600 per sq.ft (2024)
• Malai Street: Rs 800 per sq.ft (2024)
• Mathina Nagar: Rs 1,102 per sq.ft (2024)
• Mount N Clave @ Vidyarthi Nagar: Rs 902 per sq.ft (2024)
• Harigtan nagar: Rs 902 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 902 per sq.ft, the total guideline value would be Rs 9,02,000. The stamp duty at 7% would amount to Rs 63,140, while the registration fee at 2% would be Rs 18,040, making the total fees together Rs 81,180. 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?

Kurinji Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions based on the established rates.

Frequently asked questions

What is the current guideline value of Kurinji Nagar?

The current guideline value of Kurinji Nagar is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 260 per sq.ft in 2007 to Rs 902 per sq.ft in 2024, reflecting an overall increase of 247% over the years.

What is the land classification of Kurinji Nagar?

Kurinji Nagar falls under the land classification of Residential Special Type - IV.

How is the stamp duty calculated for properties in Kurinji Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 902 per sq.ft, the stamp duty would be Rs 63,140.

Where can I find the Sub Registrar Office for Kurinji Nagar?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO online for more details.