Guideline Value for KALAINGAR KARUNANITHI NAGAR

Kalaingar Karunanithi Nagar guideline value

The current guideline value of Kalaingar Karunanithi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devanthavakkam village under the Oothukkottai SRO, classified as Residential Class II Type - I.

How the guideline value of Kalaingar Karunanithi Nagar has changed

The guideline value for Kalaingar Karunanithi Nagar has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 54 per sq.ft. This increased significantly to Rs 100 per sq.ft in the 2023 revision, marking an 85% rise. The 2024 revision has maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 85%.

Guideline values in Devanthavakkam

In Devanthavakkam, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, placing Kalaingar Karunanithi Nagar at the same level as the median.

• Krishna Nagar: Rs 100 per sq.ft (2024)
• Eden Garden: Rs 100 per sq.ft (2024)
• Dr.KALAINGAR NAGAR: Rs 100 per sq.ft (2024)
• Balakrishna Avenue: Rs 100 per sq.ft (2024)
• Arunachalanagar-Extni: Rs 100 per sq.ft (2024)
• Thirumailai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaingar Karunanithi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. It is important to note that the 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 Kalaingar Karunanithi Nagar?

Kalaingar Karunanithi Nagar falls under the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Devanthavakkam. It serves as a benchmark for determining the minimum value of a property, which is used to calculate stamp duty and registration fees during the transaction process.

When registering a property, it is essential to understand that the guideline value will influence the overall costs involved. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kalaingar Karunanithi Nagar?

The current guideline value of Kalaingar Karunanithi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting an overall increase of 85% from 2017 to 2024.

Are there any years with no guideline value for this street?

Yes, the guideline value register does not have figures for the years 2002, 2003, 2007, and 2012 for Kalaingar Karunanithi Nagar.

What is the registration office for Kalaingar Karunanithi Nagar?

The registration office for Kalaingar Karunanithi Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.