Guideline Value for Kanakadhurga Nagar 3rd Cross Street

Kanakadhurga Nagar 3rd Cross Street guideline value

The current guideline value of Kanakadhurga Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Kanakadhurga Nagar 3rd Cross Street has changed

Looking at the revisions, the guideline value for Kanakadhurga Nagar 3rd Cross Street has seen several changes over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. However, this figure rose significantly to Rs 1,400 per sq.ft in 2023 and further increased by 10% to Rs 1,540 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is the same as the guideline value for Kanakadhurga Nagar 3rd Cross Street.

• Kanakadhurga Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Kanakadhurga Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Kanakadhurga Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Kanaga Durga Nagar: Rs 1,540 per sq.ft (2024)
• Kamatchipuram: Rs 1,540 per sq.ft (2024)
• Karpagambal Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Kanakadhurga Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kanakadhurga Nagar 3rd Cross Street?

The Sub Registrar Office that covers Kanakadhurga Nagar 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruverkadu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the guideline values applicable to the property they are interested in.

Frequently asked questions

What is the current guideline value of Kanakadhurga Nagar 3rd Cross Street?

The current guideline value of Kanakadhurga Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for Kanakadhurga Nagar 3rd Cross Street?

Kanakadhurga Nagar 3rd Cross Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers this street?

The Kunrathur Sub Registrar Office covers Kanakadhurga Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.