Guideline Value for Kuruvar Kudisai

Kuruvar Kudisai guideline value

The current guideline value of Kuruvar Kudisai, located in Jampuli village under the Madhavaram SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kuruvar Kudisai has changed

Over the years, the guideline value for Kuruvar Kudisai has undergone several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft. This figure then decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 25%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,900 per sq.ft, which is a 6% 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 19%.

Guideline values in Jampuli

In Jampuli, there are 118 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,450 per sq.ft, making Kuruvar Kudisai's 2024 figure below that median.

• Loganathan Avenue: Rs 2,700 per sq.ft (2024)
• Kodungaiyur Road: Rs 3,000 per sq.ft (2024)
• K.K.R. Town West Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town West Avenue Road: Rs 2,700 per sq.ft (2024)
• K.K.R. Town East Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town East Cross Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kuruvar Kudisai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 Kuruvar Kudisai?

The Kuruvar Kudisai area falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Jampuli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Kuruvar Kudisai?

The current guideline value of Kuruvar Kudisai is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kuruvar Kudisai has changed from Rs 1,600 in 2012 to Rs 1,206 in 2017, then to Rs 1,800 in 2023, and finally to Rs 1,900 in 2024.

What is the classification of land in Kuruvar Kudisai?

Kuruvar Kudisai is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Kuruvar Kudisai?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, serving the Kuruvar Kudisai area.