Guideline Value for KUNDALAKESI STREET (N)

Kundalakesi Street (N) guideline value

The current guideline value of Kundalakesi Street (N) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Kundalakesi Street (N) has changed

The guideline value for Kundalakesi Street (N) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following that, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then rose to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for Kundalakesi Street (N) for the years 2002, 2003, and 2007.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Kundalakesi Street (N) above this median.

• Kuravanji Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• K V Vines Nagar (Sa): Rs 440 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kundalakesi Street (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total charges to Rs 1,18,890. 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 for more detailed calculations.

Which Sub Registrar Office covers Kundalakesi Street (N)?

Kundalakesi Street (N) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ninna Karai

The guideline value plays a crucial role in property transactions in Ninna Karai. When buying or selling property, this value is used to determine the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the total costs involved in the transaction. Ensuring that the transaction is registered at the correct guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kundalakesi Street (N)?

The current guideline value of Kundalakesi Street (N) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase of 10% from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024. From 2012 to 2017, the value decreased from Rs 1,200 to Rs 804 per sq.ft, before increasing again in subsequent revisions.

What is the land classification of Kundalakesi Street (N)?

Kundalakesi Street (N) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties on Kundalakesi Street (N)?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470 and the registration fee would be Rs 26,420, totaling Rs 1,18,890. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kundalakesi Street (N)?

The Sub Registrar Office covering Kundalakesi Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.