Guideline Value for KURUNCHI NAGAR 4TH CROSS STREET

Kurunchi Nagar 4th Cross Street guideline value

The current guideline value of Kurunchi Nagar 4th 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 4th Cross Street has changed

The guideline value for Kurunchi Nagar 4th Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 173 per sq.ft. It increased significantly to Rs 250 per sq.ft in 2003, marking a change of +45%. The next revision in 2007 saw a substantial increase to Rs 1,480 per sq.ft, which is a rise of +492%. In 2012, the value was revised to Rs 3,000 per sq.ft, reflecting an increase of +103% from the previous figure. However, the 2017 revision brought the value down to Rs 2,010 per sq.ft, a decrease of -33%. The guideline value then increased to Rs 3,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 3,300 per sq.ft, representing a change of +10%.

There are no figures available for the years not 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 among these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Kurunchi Nagar 4th Cross Street.

• Kurunchi Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunchi Nagar 4th 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

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

The Sub Registrar Office that covers Kurunchi 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.

To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property 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 accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees 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 Kurunchi Nagar 4th Cross Street?

The current guideline value of Kurunchi Nagar 4th 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, reflecting an overall increase of +1808% over the years.

What is the land classification of Kurunchi Nagar 4th Cross Street?

Kurunchi Nagar 4th Cross Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Kurunchi Nagar 4th Cross Street?

The Sub Registrar Office for Kurunchi 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.

How is the stamp duty calculated for property in Kurunchi Nagar 4th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot measuring 1,000 sq.ft at the current rate, the stamp duty would amount to Rs 2,31,000.