Guideline Value for Dr.KARUNANITHI STREET

Dr.KARUNANITHI STREET guideline value

The current guideline value of Dr.KARUNANITHI STREET is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO and is classified as Commercial Class I Type - III.

How the guideline value of Dr.KARUNANITHI STREET has changed

The guideline value for Dr.KARUNANITHI STREET has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision. However, the value dropped to Rs 871 per sq.ft in the 2017 revision before rising again to Rs 1,300 per sq.ft in both the 2023 and 2024 revisions.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The guideline value remained unchanged from 2023 to 2024, indicating a 0% change. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 767%.

Guideline values in Vengathur

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

• Dr.KARUNANITHI CROSS STREET: Rs 1,000 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 STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Dr.KARUNANITHI STREET?

The Sub Registrar Office that covers Dr.KARUNANITHI 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 is a crucial factor when buying or selling property in Vengathur, as it determines the stamp duty and registration fees applicable. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning during the transaction.

At the time of registration, the guideline value is used to calculate the stamp duty, which is a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Dr.KARUNANITHI STREET is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, starting at Rs 150 per sq.ft in 2007, rising to Rs 1,300 in 2012, dropping to Rs 871 in 2017, and then stabilizing at Rs 1,300 from 2023 to 2024.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Dr.KARUNANITHI STREET?

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

What is the median guideline value in Vengathur?

The median guideline value for streets in Vengathur is Rs 1,000 per sq.ft, with Dr.KARUNANITHI STREET's value being above this median at Rs 1,300 per sq.ft.