Guideline Value for Dr.KARUNANITHI CROSS STREET

Dr.KARUNANITHI CROSS STREET guideline value

The current guideline value of Dr.KARUNANITHI CROSS STREET is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Dr.KARUNANITHI CROSS STREET has changed

The guideline value for Dr.KARUNANITHI CROSS STREET has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 125 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 700%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the current 2024 revision remains unchanged at Rs 1,000 per sq.ft, resulting in a 49% increase from 2017 to 2023.

It is important to note that the guideline value register does not provide figures for the years 2002 and 2003 for Dr.KARUNANITHI CROSS STREET.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a guideline value for 2024, ranging from Rs 500 to Rs 2,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the current guideline value of Dr.KARUNANITHI CROSS STREET.

• Dr.KARUNANITHI STREET: Rs 1,300 per sq.ft (2024)
• Dr.RADHAKRISHNAN STREET: Rs 1,300 per sq.ft (2024)
• Dr.RAMADOSS STREET: Rs 700 per sq.ft (2024)
• Durai Kannu Street: Rs 1,300 per sq.ft (2024)
• E.A.P.Sivaji Street: Rs 1,300 per sq.ft (2024)
• Dr.ABDULKALAM STREET: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.KARUNANITHI CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 details.

Which Sub Registrar Office covers Dr.KARUNANITHI CROSS STREET?

The Sub Registrar Office that covers Dr.KARUNANITHI CROSS STREET is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vengathur. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers should be aware that the guideline value is often used as a reference point for the transaction.

When registering a property, the buyer must pay the stamp duty and registration fees based on the higher value between the guideline value and the actual sale price. This ensures that all transactions are recorded accurately and fairly in the registration system.

Frequently asked questions

What is the current guideline value of Dr.KARUNANITHI CROSS STREET?

The current guideline value of Dr.KARUNANITHI CROSS STREET is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Dr.KARUNANITHI CROSS STREET?

Dr.KARUNANITHI CROSS STREET is classified as Residential Class I Type - I.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Dr.KARUNANITHI CROSS STREET?

The Manavalanagar Sub Registrar Office handles registrations for Dr.KARUNANITHI CROSS STREET, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.