Guideline Value for Dr.APJ.ABDUL KALAM NAGAR

Dr.APJ.ABDUL KALAM NAGAR guideline value

The current guideline value of Dr.APJ.ABDUL KALAM NAGAR is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Karanai village under the Uthiramerur SRO and is classified as Residential Class III Type - III.

How the guideline value of Dr.APJ.ABDUL KALAM NAGAR has changed

The guideline value for Dr.APJ.ABDUL KALAM NAGAR has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 165 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision had set the value at Rs 100 per sq.ft, marking a significant increase of 65% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 65% as well.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. The absence of these figures means that the changes in guideline value during those years are not recorded.

Guideline values in Karanai

In Karanai, three streets are listed under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 165 to Rs 262 per sq.ft, with a median value of Rs 175 per sq.ft. Dr.APJ.ABDUL KALAM NAGAR's 2024 figure is below this median.

• S.K.Nagar: Rs 175 per sq.ft (2024)
• ஸ்ரீ சாய் சபரி கார்டன்: Rs 262 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.APJ.ABDUL KALAM NAGAR

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, totaling Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr.APJ.ABDUL KALAM NAGAR?

The Sub Registrar Office that covers Dr.APJ.ABDUL KALAM NAGAR is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when buying or selling property in Karanai. It serves as a benchmark for determining the minimum value of a property, which is crucial during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

During the registration of property transactions, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dr.APJ.ABDUL KALAM NAGAR?

The current guideline value of Dr.APJ.ABDUL KALAM NAGAR is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 165 per sq.ft from 2023 to 2024, and it has increased from Rs 100 per sq.ft in 2017 to Rs 165 per sq.ft in 2023, marking a 65% increase.

What are the other streets in Karanai with their guideline values?

Other streets in Karanai include S.K.Nagar with a guideline value of Rs 175 per sq.ft and ஸ்ரீ சாய் சபரி கார்டன் with a guideline value of Rs 262 per sq.ft for 2024.

What fees are associated with property transactions in Dr.APJ.ABDUL KALAM NAGAR?

For a 1,000 sq.ft plot, the total fees including stamp duty and registration fee would be Rs 14,850 based on the current guideline value of Rs 1,65,000.

Where can I find the Sub Registrar Office for Dr.APJ.ABDUL KALAM NAGAR?

The Sub Registrar Office for Dr.APJ.ABDUL KALAM NAGAR is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.