Guideline Value for KALIGNAR KARUNANIDHI NAGAR

Kalignar Karunanidhi Nagar guideline value

The current guideline value of Kalignar Karunanidhi Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Kalignar Karunanidhi Nagar has changed

The guideline value for Kalignar Karunanidhi Nagar has seen several revisions over the years. Starting from Rs 351 per sq.ft in 2002, it increased to Rs 385 per sq.ft in 2003, marking a 10% rise. In 2007, the value jumped significantly to Rs 500 per sq.ft, reflecting a 30% increase. The next revision in 2012 kept the value steady at Rs 1,500 per sq.ft, which remained unchanged until 2023.

In 2023, the guideline value was revised to Rs 1,500 per sq.ft, and then in 2024, it increased to Rs 1,600 per sq.ft, representing a 7% increase. It is important to note that there is no figure available for the year 2017 in the register for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Kalignar Karunanidhi Nagar's 2024 figure below that median.

• Kalvaikarai Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 1st Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 2nd Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram A Block 3rd Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kalignar Karunanidhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total charges Rs 1,44,000. 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 Kalignar Karunanidhi Nagar?

The Sub Registrar Office that covers Kalignar Karunanidhi Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value of Kalignar Karunanidhi Nagar?

The current guideline value of Kalignar Karunanidhi Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 351 per sq.ft to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 356% over the years.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, with Kalignar Karunanidhi Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for properties in Kalignar Karunanidhi Nagar?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Kalignar Karunanidhi Nagar?

The Purasaivakkam Sub Registrar Office handles registrations for Kalignar Karunanidhi Nagar, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.