Guideline Value

Corporate

Guideline Value for Kurunji Nagar Main Road

₹2860/sq.ft.

The guideline value for Kurunji Nagar Main Road in Porur village (Kunrathur SRO, Chennai zone) is Rs 2860 per sq.ft, effective 1 July 2024. It was Rs 2600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹2860 /sq.ft.
From 1-4-2023 ₹2600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1742 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kurunji Nagar Main Road

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Kurunji Nagar Main Road guideline value

The current guideline value of Kurunji Nagar Main Road is Rs 2,860 per sq.ft, effective from 1 July 2024. This road is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Kurunji Nagar Main Road has changed

The guideline value for Kurunji Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,600 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 1,742 per sq.ft. However, from 2017 to 2023, the value saw a significant increase to Rs 2,600 per sq.ft, marking a rise of 49%. The latest revision in 2024 has set the value at Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the latest 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Kurunji Nagar Main Road is below this median.

Stamp duty and registration fee for property in Kurunji Nagar Main Road

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, and the registration fee at 2% would be Rs 57,200, bringing the total cost for stamp duty and registration to Rs 2,57,400. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Kurunji Nagar Main Road?

The Sub Registrar Office that covers Kurunji Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property. The guideline value is set by the Registration Department and is regularly revised based on market conditions.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, thus helping to maintain transparency in property dealings. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Kurunji Nagar Main Road?

The current guideline value of Kurunji Nagar Main Road 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, a 10% increase. It was Rs 1,742 per sq.ft in 2017, which increased to Rs 2,600 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Kurunji Nagar Main Road?

The land classification for Kurunji Nagar Main Road is Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the registration office for Kurunji Nagar Main Road?

The registration office for Kurunji Nagar Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kurunji Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,00,200 at a rate of 7%.