Guideline Value for KURUNCHI NAGAR 9TH CROSS STREET

Kurunchi Nagar 9th Cross Street guideline value

The current guideline value of Kurunchi Nagar 9th 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 9th Cross Street has changed

The guideline value for Kurunchi Nagar 9th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 173 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2003, marking a 45% rise. The value continued to grow, reaching Rs 1,480 per sq.ft in 2007, which was a remarkable 492% increase from the previous revision. In 2012, the value was Rs 3,000 per sq.ft, showing a 103% increase from 2007. However, it dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 3,000 per sq.ft, which was a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, a 10% increase from the 2023 figure. The overall increase from 2002 to 2024 is an impressive 1,808%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values 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, which aligns with the current value of Kurunchi Nagar 9th Cross Street.

• Kurunchi Nagar 8th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kurunchi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kurunchi Nagar 9th 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, bringing the total cost to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurunchi Nagar 9th Cross Street?

The Kurunchi Nagar 9th 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungudi. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and reflects the minimum value at which properties can be registered.

When selling property, the seller must ensure that the selling price is not lower than the guideline value to avoid complications during registration. Buyers and sellers should be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Kurunchi Nagar 9th Cross Street?

The current guideline value of Kurunchi Nagar 9th 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 increased from Rs 173 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1,808%.

What is the stamp duty for property in Kurunchi Nagar 9th Cross Street?

The stamp duty for property in Kurunchi Nagar 9th Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Kurunchi Nagar 9th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Kurunchi Nagar 9th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Kurunchi Nagar 9th Cross Street?

Kurunchi Nagar 9th Cross Street is classified as Residential Class II Type - II.