Guideline Value for KOTHANDARAMAN NAGAR 4TH CROSS STREET

Kothandaraman Nagar 4th Cross Street guideline value

The current guideline value of Kothandaraman Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kothandaraman Nagar 4th Cross Street has changed

The guideline value for Kothandaraman Nagar 4th Cross Street has seen several revisions over the years. In 2002, the value was Rs 218 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking a 38% rise. By 2007, the value further increased to Rs 600 per sq.ft, reflecting a 100% change. The 2012 revision saw the value rise to Rs 2,000 per sq.ft, a significant 233% increase from the previous figure. However, in 2017, the value dropped to Rs 1,340 per sq.ft, indicating a decrease of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, before reaching the current figure of Rs 2,200 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 909%. There are no figures for any other years in the register for this street.

Guideline values in Perungudi

In Perungudi village, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with the median being Rs 3,300 per sq.ft. The guideline value of Kothandaraman Nagar 4th Cross Street is below this median.

• Kothandaraman Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kothandaraman Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kothandaraman Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Kothandaraman Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kulakkarai Street: Rs 2,800 per sq.ft (2024)
• Kazhiveli Salai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kothandaraman Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Kothandaraman Nagar 4th Cross Street?

The Sub Registrar Office that covers Kothandaraman Nagar 4th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges that must be paid to the government. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kothandaraman Nagar 4th Cross Street?

The current guideline value of Kothandaraman Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 218 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 909% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Kothandaraman Nagar 4th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What other streets have the same guideline value in Perungudi?

Other streets in Perungudi, such as Kothandaraman Nagar 3rd Cross Street, Kothandaraman Nagar 2nd Cross Street, Kothandaraman Nagar Main Road, and Kothandaraman Nagar 1st Cross Street, all have a guideline value of Rs 2,200 per sq.ft in 2024.