Guideline Value for kujji naicken Main Road

kujji naicken Main Road guideline value

The current guideline value of kujji naicken Main Road 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 Main Road has changed

The guideline value for kujji naicken Main Road has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 709 per sq.ft. This increased to Rs 796 per sq.ft in 2003, marking a 12% rise. The value saw significant growth in the following years, reaching Rs 2,667 per sq.ft in 2007, which was a 235% increase from the 2003 figure. However, in 2012, the value decreased to Rs 4,000 per sq.ft, a drop of 33% from the previous revision. The 2017 revision saw a substantial increase to Rs 2,680 per sq.ft, which was a 49% increase from the 2012 figure. The most recent revisions show the guideline value at Rs 4,000 per sq.ft in 2023, and it has now risen to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that the register has no figures for the years between these revisions for this street.

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 village is Rs 4,900 per sq.ft, placing the current figure for kujji naicken Main Road below that median.

• kujji naicken 1 & 2 Cross Street: 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 Main Road

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

Which Sub Registrar Office covers kujji naicken Main Road?

The Sub Registrar Office that covers kujji naicken Main Road is 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

The guideline value is a critical factor in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, protecting the interests of both parties involved.

Frequently asked questions

What is the current guideline value of kujji naicken Main Road?

The current guideline value of kujji naicken Main Road 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 from Rs 709 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 521% over the years.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Where is the Sub Registrar Office located for this area?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and helps in calculating the applicable stamp duty and registration fees during a transaction.