Guideline Value for kujji naicken Streets

kujji naicken Streets guideline value

The current guideline value of kujji naicken Streets in Ayanavaram village, under the AnnaNagar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of kujji naicken Streets has changed

The guideline value for kujji naicken Streets has undergone several revisions over the years. In 2007, the value was Rs 2,667 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 4,000 per sq.ft in 2023, and now stands at Rs 4,400 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has risen by 65%. The fluctuations in the values reflect the changes in the real estate landscape in the area.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the current figure for kujji naicken Streets below the median.

• kujji naicken Main Road: Rs 4,400 per sq.ft (2024)
• kujji naicken 1 & 2 Cross Street: 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 Streets

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, making the total cost for these fees 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 kujji naicken Streets?

The kujji naicken Streets fall under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

When buying or selling property in Ayanavaram, the guideline value is a critical factor used during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

The guideline value also helps in determining the fair price of the property in the market. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during transactions.

Frequently asked questions

What is the current guideline value of kujji naicken Streets?

The current guideline value of kujji naicken Streets 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 from Rs 2,667 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 65% over this period.

What are the stamp duty and registration fees for property in kujji naicken Streets?

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 is responsible for kujji naicken Streets?

The AnnaNagar Sub Registrar Office is responsible for the registration of properties in kujji naicken Streets, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for kujji naicken Streets?

The land classification for kujji naicken Streets is Residential Class II Type - I.