Guideline Value for KALAINAGAR KARUNATHI STREET

Kalainagar Karunathi Street guideline value

The current guideline value of Kalainagar Karunathi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Kalainagar Karunathi Street has changed

Over the years, the guideline value of Kalainagar Karunathi Street has seen several revisions. 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 2023 revision increased the value to Rs 1,000 per sq.ft, and the most recent 2024 revision has set it at Rs 1,100 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the value increased by 10% from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Kalainagar Karunathi Street's 2024 figure of Rs 1,100 per sq.ft is below this median.

• Kalaivanar N.S.K(Kavarai Street): Rs 2,200 per sq.ft (2024)
• Kalathumettu Street: Rs 1,100 per sq.ft (2024)
• Kailasanathar Kovil Street: Rs 2,200 per sq.ft (2024)
• Kamarajar Street Ward-2: Rs 1,650 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)
• Jeevanatham Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kalainagar Karunathi Street

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 be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalainagar Karunathi Street?

The Sub Registrar Office that covers Kalainagar Karunathi Street 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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Chengalpattu Natham. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to note that the actual sale price may be higher than the guideline value, and in such cases, the stamp duty will be calculated based on the higher amount.

Frequently asked questions

What is the current guideline value of Kalainagar Karunathi Street?

The current guideline value of Kalainagar Karunathi Street 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 to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the registration office for Kalainagar Karunathi Street?

The registration office for Kalainagar Karunathi Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for property in Kalainagar Karunathi Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

What is the land classification of Kalainagar Karunathi Street?

Kalainagar Karunathi Street is classified as Residential Class I Type - III under the guideline value register.