Guideline Value for KALAIGNAR KARUNANITHI STREET (WARD-20)

Kalaignar Karunanithi Street (Ward-20) guideline value

The current guideline value of Kalaignar Karunanithi Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Kalaignar Karunanithi Street (Ward-20) has changed

The guideline value for Kalaignar Karunanithi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,100 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from the 2012 revision to the 2024 revision shows a slight increase of 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value of these streets is Rs 770 per sq.ft, placing Kalaignar Karunanithi Street's 2024 figure above the median.

• Kakkan Street Mgr Nagar (Ward-20): Rs 880 per sq.ft (2024)
• Kalaimagal Street (Ward-21): Rs 660 per sq.ft (2024)
• Kalaivani Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Kaathavarayan Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Karunanithi Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It’s important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaignar Karunanithi Street (Ward-20)?

The Sub Registrar Office that covers Kalaignar Karunanithi Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Potheri, the guideline value is crucial as it determines the minimum value at which the property can be registered. This value is set by the government and is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall costs involved in property transactions. The guideline value ensures transparency and helps in assessing the fair value of properties in the area.

Frequently asked questions

What is the current guideline value of Kalaignar Karunanithi Street?

The current guideline value of Kalaignar Karunanithi Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Kalaignar Karunanithi Street?

Kalaignar Karunanithi Street is classified as Residential Class I Type - I.

Which office handles registrations for properties in Potheri?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Potheri, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Potheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current stamp duty rate is 7%, and the registration fee is 2% of the guideline value.