Guideline Value for Kurinji nagar

Kurinji nagar guideline value

The current guideline value of Kurinji nagar, located in Thirumazhisai village under the Poonamallee SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Kurinji nagar has changed

The guideline value for Kurinji nagar has undergone several revisions over the years. In 2002, the value was Rs 60 per sq.ft, which increased to Rs 73 per sq.ft in 2003. Following that, there was a significant rise to Rs 150 per sq.ft in 2007, and the value further surged to Rs 1,000 per sq.ft in 2012. However, it saw a decline to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 set it at Rs 1,100 per sq.ft.

Notable changes between the revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a remarkable 567% increase from 2007 to 2012, a 105% increase from 2003 to 2007, and a 22% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,733%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Kurinji nagar is below this median.

• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)
• Kumaresan Nagar: Rs 1,650 per sq.ft (2024)
• Kumaran nagar: Rs 1,100 per sq.ft (2024)
• Kslashtri Nagar Extension: Rs 1,320 per sq.ft (2024)
• Kslashtri Nagar: Rs 1,320 per sq.ft (2024)
• Kslashtri Moorthy Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kurinji nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurinji nagar?

Kurinji nagar falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Thirumazhisai. 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 compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kurinji nagar?

The current guideline value of Kurinji nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 60 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 1,733% over the years.

What is the land classification for Kurinji nagar?

The land classification for Kurinji nagar is Residential Special Type - I.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Kurinji nagar?

The Poonamallee Sub Registrar Office handles property registrations for Kurinji nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.