Guideline Value for Kurunji Nagar Rathi Street

Kurunji Nagar Rathi Street guideline value

The current guideline value of Kurunji Nagar Rathi 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 Kurunji Nagar Rathi Street has changed

In the 2012 revision, the guideline value was Rs 2,600 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 1,742 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,600 per sq.ft in 2023, representing a 49% rise. The most recent 2024 revision set the value at Rs 2,860 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with 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. Kurunji Nagar Rathi Street's 2024 figure is below this median.

• Kurunji Nagar Main Road: Rs 2,860 per sq.ft (2024)
• Kurunji Nagar: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Thamarai Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Roja Street: Rs 2,860 per sq.ft (2024)
• Kurinji Nagar Malligai Street: Rs 2,860 per sq.ft (2024)
• Kuyapettai 1st Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunji Nagar Rathi 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 be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total fees together to Rs 2,57,400. 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 more details.

Which Sub Registrar Office covers Kurunji Nagar Rathi Street?

The Sub Registrar Office that covers Kurunji Nagar Rathi 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 is a crucial factor in the registration process 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 transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kurunji Nagar Rathi Street?

The current guideline value of Kurunji Nagar Rathi Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,600 to Rs 1,742 in 2017, then back to Rs 2,600 in 2023, and finally to Rs 2,860 in 2024. This reflects a 10% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for properties in this area?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Kurunji Nagar Rathi Street?

The Kunrathur Sub Registrar Office handles registrations for Kurunji Nagar Rathi Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the classification of land in Kurunji Nagar Rathi Street?

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