Guideline Value for KUNINJIMA NAGAR 2ND CROSS ST

Kuninjima Nagar 2nd Cross St guideline value

The current guideline value for Kuninjima Nagar 2nd Cross St is Rs 800 per sq.ft. This street is located in Thandurai village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Kuninjima Nagar 2nd Cross St has changed

The guideline value for Kuninjima Nagar 2nd Cross St has seen several revisions over the years. The register shows that in 2012, the value was Rs 800 per sq.ft. It then decreased to Rs 536 per sq.ft in 2017, before returning to Rs 800 per sq.ft in 2023. The most recent revision in 2024 maintains this value at Rs 800 per sq.ft, reflecting no change from the previous year.

In terms of percentage changes, there was a significant increase of 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, when comparing the value from 2012 to 2024, there has been no change.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing the 2024 figure for Kuninjima Nagar 2nd Cross St below this median.

• Kurinjima Nagar: Rs 988 per sq.ft (2024)
• Kurinjima Nagar 1st Cross St: Rs 800 per sq.ft (2024)
• Kurinjima Nagar Extn: Rs 988 per sq.ft (2024)
• Kurinjima Nagar Phase-I: Rs 800 per sq.ft (2024)
• Kurinji Nagar: Rs 988 per sq.ft (2024)
• Kumaran Street (M.T.H.Road North): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kuninjima Nagar 2nd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kuninjima Nagar 2nd Cross St?

The Sub Registrar Office that covers Kuninjima Nagar 2nd Cross St is the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is assessed to ensure that the appropriate fees are calculated based on the higher of the guideline value or the actual sale price. This ensures compliance with local regulations and helps in the proper documentation of the transaction.

Frequently asked questions

What is the current guideline value for Kuninjima Nagar 2nd Cross St?

The current guideline value for Kuninjima Nagar 2nd Cross St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2023, after a significant increase of 49% from Rs 536 per sq.ft in 2017. The value was Rs 800 per sq.ft in 2012, indicating no overall change from 2012 to 2024.

What is the land classification for Kuninjima Nagar 2nd Cross St?

The land classification for Kuninjima Nagar 2nd Cross St is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Avadi Sub Registrar Office covers Kuninjima Nagar 2nd Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.