Guideline Value for Kurunji Street

Kurunji Street guideline value

The current guideline value of Kurunji Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Kurunji Street has changed

In the 2017 revision, the guideline value for Kurunji Street was Rs 670 per sq.ft. It increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 saw another increase to Rs 1,100 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for Kurunji Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Kurunji Street's 2024 figure is below this median.

• Kuturavu Colony: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Lakshmi Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Kulothungan Street: Rs 1,100 per sq.ft (2024)
• Lingam Nagar: Rs 1,320 per sq.ft (2024)
• Krishandas Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kurunji Street?

The Sub Registrar Office covering Kurunji Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost involved in the transaction. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kurunji Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the guideline values of other streets in Pozhichalur?

Other streets in Pozhichalur have varying guideline values, ranging from Rs 1,100 to Rs 4,500 per sq.ft. For example, Lakshmi Nagar has a guideline value of Rs 1,320 per sq.ft.

What is the registration fee for property in Kurunji Street?

The registration fee for property in Kurunji Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,00,000, the registration fee would be Rs 22,000 at 2%.

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

The Sub Registrar Office for Kurunji Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.