Guideline Value for NEW KURUNJI NAGAR
₹2160/sq.ft.
The guideline value for New Kurunji Nagar in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2160 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Zaminpallavaram
Village
Pallavaram
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2160 /sq.ft. |
| From 1-4-2023 | ₹2000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1340 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹800 /sq.ft. |
| 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)
7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on New Kurunji Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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New Kurunji Nagar guideline value
The current guideline value of New Kurunji Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024. This locality is situated in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.
How the guideline value of New Kurunji Nagar has changed
The guideline value for New Kurunji Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% rise. However, in the subsequent 2017 revision, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, followed by the latest increase to Rs 2,160 per sq.ft in 2024, reflecting an 8% increase.
Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%. The register has no figures for the years 2002 and 2003 for this street.
Guideline values in Zaminpallavaram
Zaminpallavaram consists of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the area is Rs 3,300 per sq.ft, positioning New Kurunji Nagar's 2024 figure below this median.
- New Colony G.S.T.Road (Part): Rs 8,800 per sq.ft (2024)
- New Colony 9th Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 8th Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 8th Cross St Extn: Rs 3,850 per sq.ft (2024)
- New Colony 7th Main Road 1 To 4 Streets: Rs 4,400 per sq.ft (2024)
- New Colony 7th Main Road: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in New Kurunji Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total cost for these fees to Rs 1,94,400. Duty is charged on the higher of the guideline value and the sale price.
You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.
Which Sub Registrar Office covers New Kurunji Nagar?
The Sub Registrar Office covering New Kurunji Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Zaminpallavaram
The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It determines the minimum value at which property transactions are registered, ensuring that properties are not sold below this established value.
During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.
Frequently asked questions
What is the current guideline value of New Kurunji Nagar?
The current guideline value of New Kurunji Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, representing an overall increase of 170% over the years.
What are the registration fees for property in New Kurunji Nagar?
The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for New Kurunji Nagar?
The Sub Registrar Office for New Kurunji Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.
What is the median guideline value in Zaminpallavaram?
The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, which is higher than the current guideline value of New Kurunji Nagar.
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