Guideline Value for Kurungaleeswarar Koil Street (Western Side Street) P.h.road, To Kaliamman Koil Street)

Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street) guideline value

The current guideline value of Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street) has changed

The guideline value for Kurungaleeswarar Koil Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The current 2024 revision sets the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is the same as the current guideline value for Kurungaleeswarar Koil Street.

• Kurungaleeshwarar Koil Street: Rs 4,400 per sq.ft (2024)
• Kurinji Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 5th Cross Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street?

The Sub Registrar Office that covers Kurungaleeswarar Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kurungaleeswarar Koil Street?

The current guideline value of Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent increase being from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 238%.

What is the land classification for Kurungaleeswarar Koil Street?

The land classification for Kurungaleeswarar Koil Street is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for this street?

The registration office for Kurungaleeswarar Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.