Guideline Value for kujji naicken 1 & 2 Cross Street

kujji naicken 1 & 2 Cross Street guideline value

The current guideline value of kujji naicken 1 & 2 Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of kujji naicken 1 & 2 Cross Street has changed

Over the years, the guideline value for kujji naicken 1 & 2 Cross Street has seen significant changes. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, representing a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which means the guideline value of kujji naicken 1 & 2 Cross Street is below this median.

• kujji naicken Main Road: Rs 4,400 per sq.ft (2024)
• kujji naicken Streets: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar 2nd Street (SlumBoard Allotment): Rs 3,300 per sq.ft (2024)
• Kumaran Nagar 3 Rd Street: Rs 4,400 per sq.ft (2024)
• Kumaran Nagar Ist Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in kujji naicken 1 & 2 Cross 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, totaling 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers kujji naicken 1 & 2 Cross Street?

The Sub Registrar Office that covers kujji naicken 1 & 2 Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. The guideline value is set by the government and is revised periodically to reflect changes in the real estate market.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of kujji naicken 1 & 2 Cross Street?

The current guideline value of kujji naicken 1 & 2 Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267%.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office should I approach for transactions in this street?

The AnnaNagar Sub Registrar Office is responsible for transactions in kujji naicken 1 & 2 Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential that the sale price meets or exceeds the guideline value to ensure compliance with legal requirements.