Guideline Value for Kurinji nagar Roja Street

Kurinji nagar Roja Street guideline value

The current guideline value of Kurinji nagar Roja Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Kurinji nagar Roja Street has changed

Over the years, the guideline value for Kurinji nagar Roja Street has seen several revisions. The 2012 revision set the value at Rs 2,600 per sq.ft, which was then decreased to Rs 1,742 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,600 per sq.ft in the 2023 revision, and currently stands at Rs 2,860 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, indicating that Kurinji nagar Roja Street's 2024 figure is below that median.

• Kurinji Nagar Malligai Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Thamarai Street: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar Main Road: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar Rathi Street: Rs 2,860 per sq.ft (2024)
• Kuppusamy Street (Highways): Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji nagar Roja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200. Thus, the total cost for stamp duty and registration fees would be Rs 2,57,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kurinji nagar Roja Street?

The Sub Registrar Office that covers Kurinji nagar Roja Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the legal framework governing property transactions.

Frequently asked questions

What is the current guideline value of Kurinji nagar Roja Street?

The current guideline value of Kurinji nagar Roja Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,860 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Kurinji nagar Roja Street?

Kurinji nagar Roja Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400. The duty is charged based on the higher of the guideline value or the sale price.

Which office handles property registrations for Kurinji nagar Roja Street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles property registrations for Kurinji nagar Roja Street.