Guideline Value for KARIKAALAN STREET (WARD -6)

Karikaalan Street (Ward -6) guideline value

The current guideline value of Karikaalan Street (Ward -6) 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 Karikaalan Street (Ward -6) has changed

The guideline value for Karikaalan Street (Ward -6) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This value decreased to Rs 804 per sq.ft in 2017. However, there was a significant increase in the following revisions, with the value rising to Rs 1,200 per sq.ft in 2023 and then to Rs 1,321 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes from the previous revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, 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, indicating that Karikaalan Street's 2024 figure is above this median.

• Karikilaar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,321 per sq.ft (2024)
• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 440 per sq.ft (2024)
• Kanniamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Karikaalan Street (Ward -6)

For a 1,000 sq.ft plot at the current rate of Rs 1,321 per sq.ft, the guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. 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 Karikaalan Street (Ward -6)?

The Sub Registrar Office that covers Karikaalan Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 buying or selling property in Ninna Karai, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the transaction.

Additionally, it ensures transparency in property transactions, as the guideline value reflects the official valuation set by the government. This helps in maintaining a standard for property transactions within the area.

Frequently asked questions

What is the current guideline value of Karikaalan Street (Ward -6)?

The current guideline value of Karikaalan Street (Ward -6) 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 increased 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 for Karikaalan Street?

The land classification for Karikaalan Street (Ward -6) is Residential Special Type - V.

What are the other streets in Ninna Karai with similar guideline values?

Other streets in Ninna Karai with similar guideline values include Karikilaar Street and Karaikal Ammiyar Street, both at Rs 1,321 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Karikaalan Street?

The Sub Registrar Office covering Karikaalan Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.