Guideline Value for Kurinji Street

Kurinji Street guideline value

The current guideline value of Kurinji Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Kurinji Street has changed

The guideline value for Kurinji Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 804 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, indicating a decrease of 33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for Kurinji Street for the years 2002, 2003, and 2007. This lack of data adds to the complexity of understanding the historical changes in the guideline value for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, positioning Kurinji Street's 2024 value below this median.

• Kurinji Nagar Cross Street: Rs 1,100 per sq.ft (2024)
• Kundalakasi Street: Rs 1,100 per sq.ft (2024)
• Lakshmi cross st: Rs 1,100 per sq.ft (2024)
• Kumaran Street: Rs 1,100 per sq.ft (2024)
• Lakshmi Narasimhan Street: Rs 1,100 per sq.ft (2024)
• Lakshmi ST: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinji Street?

Kurinji Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Kurinji Street?

The current guideline value of Kurinji Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the median guideline value in Peerklankaranai?

The median guideline value for the 322 streets in Peerklankaranai is Rs 1,650 per sq.ft, making Kurinji Street's value below this median.

What are the stamp duty and registration fees for properties in Kurinji Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Kurinji Street?

The Tambaram Joint 1 Sub Registrar Office covers Kurinji Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.