Guideline Value for Kurunji Nagar 3rd Street

Kurunji Nagar 3rd Street guideline value

The current guideline value of Kurunji Nagar 3rd Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kurunji Nagar 3rd Street has changed

The guideline value for Kurunji Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, followed by an increase to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 440 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, making the guideline value for Kurunji Nagar 3rd Street below this median.

• Kurunji Nagar 3rd Main Road: Rs 440 per sq.ft (2024)
• Kurunji Nagar 4th Street: Rs 440 per sq.ft (2024)
• Kurunji Nagar 2nd Street: Rs 440 per sq.ft (2024)
• Kurunji Nagar 4th Street 1st And 5th Cross Street: Rs 440 per sq.ft (2024)
• Kurunji Nagar 2nd Main Road: Rs 440 per sq.ft (2024)
• Kurunji Nagar 1st Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunji Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would amount to Rs 8,800, totaling Rs 39,600. 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 further calculations.

Which Sub Registrar Office covers Kurunji Nagar 3rd Street?

The Sub Registrar Office that covers Kurunji Nagar 3rd Street is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Agaramthen. It serves as a reference for determining the stamp duty and registration fees applicable to the sale of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are paid. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kurunji Nagar 3rd Street?

The current guideline value of Kurunji Nagar 3rd Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Kurunji Nagar 3rd Street?

The land classification for Kurunji Nagar 3rd Street is Residential Class II Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Kurunji Nagar 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kurunji Nagar 3rd Street?

The Sub Registrar Office for Kurunji Nagar 3rd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.