Guideline Value for KURUNCHI NAGAR 13TH CROSS STREET

Kurunchi Nagar 13th Cross Street guideline value

The current guideline value of Kurunchi Nagar 13th Cross Street is Rs 3,300 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 II Type - II.

How the guideline value of Kurunchi Nagar 13th Cross Street has changed

The guideline value for Kurunchi Nagar 13th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 173 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a change of +45%. The value continued to rise significantly to Rs 1,480 per sq.ft in 2007, an increase of +492%. The 2012 revision saw a decrease to Rs 3,000 per sq.ft, which was a drop of -33%. However, the value rose again to Rs 2,010 per sq.ft in 2017, reflecting a +49% change. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent revision in 2024 has increased it to Rs 3,300 per sq.ft, representing a +10% change.

There are no figures available for the years not specifically mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +1808%.

Guideline values in Perungudi

In Perungudi, 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. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Kurunchi Nagar 13th Cross Street.

• Kurunchi Nagar 12th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 11th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 15th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 10th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunchi Nagar 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty is calculated at 7%, which comes to Rs 2,31,000, and the registration fee is 2%, amounting to Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. 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 for more detailed calculations.

Which Sub Registrar Office covers Kurunchi Nagar 13th Cross Street?

The Kurunchi Nagar 13th Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Perungudi. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any legal issues during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. It is important for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Kurunchi Nagar 13th Cross Street?

The current guideline value of Kurunchi Nagar 13th Cross Street is Rs 3,300 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 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of +1808% over the years.

What is the stamp duty for a property in Kurunchi Nagar 13th Cross Street?

The stamp duty for a property in Kurunchi Nagar 13th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Kurunchi Nagar 13th Cross Street?

Kurunchi Nagar 13th Cross Street is classified as Residential Class II Type - II, which indicates its designation for residential purposes.