Guideline Value for Kurukku Street

Kurukku Street guideline value

The current guideline value of Kurukku Street, located in Santhavellur_B village, is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification and is registered with the Sunguvarchattram SRO.

How the guideline value of Kurukku Street has changed

The guideline value for Kurukku Street has undergone significant changes over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in the 2024 revision, reflecting a change of +50%.

Prior to the 2023 revision, there were no recorded figures for Kurukku Street in the previous revisions. The current guideline value of Rs 300 per sq.ft is below the median value of Rs 400 per sq.ft for the 55 streets in Santhavellur_B under the Sunguvarchattram SRO.

Guideline values in Santhavellur_B

In Santhavellur_B, the guideline values for various streets range from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Kurukku Street's current guideline value is below this median. The following are the guideline values for other streets in Santhavellur_B:

• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Lucky Land: Rs 300 per sq.ft (2024)
• Krishna Nagar: Rs 600 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• KKR Supreme City: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kurukku Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for stamp duty and registration fees Rs 27,000. 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 Kurukku Street?

The Sub Registrar Office that covers Kurukku Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor used during the registration of property transactions in Santhavellur_B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Kurukku Street?

The current guideline value of Kurukku Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, marking a change of +50%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Santhavellur_B?

The median guideline value for the 55 streets in Santhavellur_B is Rs 400 per sq.ft. Kurukku Street's current value is below this median.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. This is based on the current guideline value of Rs 300 per sq.ft.

Where is the Sub Registrar Office for Kurukku Street located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.