Guideline Value for Kurinji Street(Vivekananda nagar)

Kurinji Street(Vivekananda nagar) guideline value

The current guideline value of Kurinji Street (Vivekananda Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Kurinji Street(Vivekananda nagar) has changed

The guideline value for Kurinji Street (Vivekananda Nagar) has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 660 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,675 per sq.ft in the 2017 revision. The most recent revision in 2024 saw a substantial increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 309%. The register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, making the 2024 figure for Kurinji Street (Vivekananda Nagar) above that median.

• Kurinji Street(Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Kurunthogai Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Lake View Garden: Rs 2,400 per sq.ft (2024)
• Kumaran Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)
• Kulakarai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji Street(Vivekananda nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000. The stamp duty at 7% amounts to Rs 1,89,000, while the registration fee at 2% is Rs 54,000. Together, the total cost for stamp duty and registration fee would be 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 information.

Which Sub Registrar Office covers Kurinji Street(Vivekananda nagar)?

The Sub Registrar Office that covers Kurinji Street (Vivekananda Nagar) is the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are documented at a fair value.

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

Frequently asked questions

What is the current guideline value of Kurinji Street (Vivekananda Nagar)?

The current guideline value of Kurinji Street (Vivekananda Nagar) 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 660 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 309% over the years.

What is the land classification for Kurinji Street (Vivekananda Nagar)?

Kurinji Street (Vivekananda Nagar) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Kurinji Street (Vivekananda Nagar)?

The Sub Registrar Office for Kurinji Street (Vivekananda Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Kurinji Street (Vivekananda Nagar) having a guideline value above this median at Rs 2,700 per sq.ft.