Guideline Value for KALIANGAR KARUNANIDHI STREET

Kaliangar Karunanidhi Street guideline value

The current guideline value of Kaliangar Karunanidhi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Karapakkam village under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of Kaliangar Karunanidhi Street has changed

Over the years, the guideline value for Kaliangar Karunanidhi Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and most recently, the 2024 revision raised it to Rs 2,200 per sq.ft. The changes between these revisions include a decrease of 33% from 2012 to 2017, a significant increase of 49% from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Kaliangar Karunanidhi Street's 2024 figure above that median.

• Kaliamman Koil Street: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 8th CROSS STREET: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th STREET 3rd CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th STREET 2nd CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th CROSS STREET 1st CROSS: Rs 1,700 per sq.ft (2024)
• KALIAMMAN KOIL 7th CROSS STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kaliangar Karunanidhi Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. It is important to note that the 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 Kaliangar Karunanidhi Street?

The Sub Registrar Office that covers Kaliangar Karunanidhi Street 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 Karapakkam

The guideline value is a crucial factor in the registration process of property transactions in Karapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is conducted in accordance with legal requirements.

Frequently asked questions

What is the current guideline value of Kaliangar Karunanidhi Street?

The current guideline value of Kaliangar Karunanidhi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Kaliangar Karunanidhi Street?

Kaliangar Karunanidhi Street is classified as Residential Class II Type - II, which is a designation for residential properties in this area.

Where can I find the registration office for this street?

The registration office for Kaliangar Karunanidhi Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Kaliangar Karunanidhi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.