Guideline Value for KALAINGAR KARUNANITHI STREET (KANDAN CHAVADI)

Kalaingar Karunanithi Street (Kandan Chavadi) guideline value

The current guideline value of Kalaingar Karunanithi Street (Kandan Chavadi) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Kalaingar Karunanithi Street (Kandan Chavadi) has changed

The guideline value of Kalaingar Karunanithi Street (Kandan Chavadi) has seen several revisions over the years. The 2007 revision set the value at Rs 1,748 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 72% rise. However, the value decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The following revisions saw significant increases, with the 2023 revision at Rs 3,000 per sq.ft, followed by a 10% increase to Rs 3,300 per sq.ft in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 89%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with 2024 figures ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Kalaingar Karunanithi Street (Kandan Chavadi).

• Justice Veerasamy Road & Street: Rs 5,500 per sq.ft (2024)
• Kamaraj Nagar 10th Cross Street: Rs 3,300 per sq.ft (2024)
• KAMARAJ NAGAR 12th CROSS STREET: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaingar Karunanithi Street (Kandan Chavadi)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. 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 Kalaingar Karunanithi Street (Kandan Chavadi)?

The Sub Registrar Office that covers Kalaingar Karunanithi Street (Kandan Chavadi) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Perungudi, as it determines the applicable stamp duty and registration fees. Buyers must ensure that the sale price is equal to or higher than the guideline value to avoid discrepancies during registration.

When registering a property, the guideline value serves as a benchmark for calculating the total costs involved in the transaction. It is essential for both buyers and sellers to be aware of this value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Kalaingar Karunanithi Street (Kandan Chavadi)?

The current guideline value of Kalaingar Karunanithi Street (Kandan Chavadi) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,748 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 89% over the years.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Kalaingar Karunanithi Street (Kandan Chavadi) is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for this street?

The Neelankarai Sub Registrar Office is responsible for Kalaingar Karunanithi Street (Kandan Chavadi), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value of streets in Perungudi?

The median guideline value of streets in Perungudi is Rs 3,300 per sq.ft, which is the same as the current guideline value for Kalaingar Karunanithi Street (Kandan Chavadi).