Guideline Value for KARAIKAL AMMIYAR STREET (PER)

Karaikal Ammiyar Street (Per) guideline value

The current guideline value of Karaikal Ammiyar Street (Per) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Karaikal Ammiyar Street (Per) has changed

The guideline value for Karaikal Ammiyar Street (Per) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose again to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ninna Karai

Ninna Karai has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Karaikal Ammiyar Street (Per) above this median.

• Karikaalan Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Kanniamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 440 per sq.ft (2024)
• Kannaki Street (N): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Karaikal Ammiyar Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420, bringing the total fees together to Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karaikal Ammiyar Street (Per)?

The Sub Registrar Office that covers Karaikal Ammiyar Street (Per) 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 Ninna Karai

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Karaikal Ammiyar Street (Per)?

The current guideline value of Karaikal Ammiyar Street (Per) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Karaikal Ammiyar Street (Per)?

The land classification for Karaikal Ammiyar Street (Per) is Residential Special Type - V, indicating its designated use for residential purposes.

What is the median guideline value in Ninna Karai?

The median guideline value for the 449 streets in Ninna Karai is Rs 1,100 per sq.ft, with Karaikal Ammiyar Street (Per) positioned above this median at Rs 1,321 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.