Guideline Value for KURUNCHI NAGAR 15TH CROSS STREET

Kurunchi Nagar 15th Cross Street guideline value

The current guideline value of Kurunchi Nagar 15th 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 15th Cross Street has changed

The guideline value for Kurunchi Nagar 15th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 173 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2003. Following this, the value surged to Rs 1,480 per sq.ft in 2007, marking an increase of 492%. The value then rose to Rs 3,000 per sq.ft in 2012, reflecting a 103% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years not mentioned in the revisions 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 guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Kurunchi Nagar 15th Cross Street equal to this median.

• Kurunchi Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 12th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunchi Nagar 15th 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 at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kurunchi Nagar 15th Cross Street?

The Sub Registrar Office that covers Kurunchi Nagar 15th 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 a crucial factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration fees and stamp duties are calculated based on a standardized value.

Frequently asked questions

What is the current guideline value of Kurunchi Nagar 15th Cross Street?

The current guideline value of Kurunchi Nagar 15th 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 from Rs 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification for Kurunchi Nagar 15th Cross Street?

Kurunchi Nagar 15th Cross Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Kurunchi Nagar 15th Cross Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office covers Kurunchi Nagar 15th Cross Street?

The Neelankarai Sub Registrar Office covers Kurunchi Nagar 15th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.