Guideline Value

Corporate

Guideline Value for KARNAN NAGAR

₹440/sq.ft.

The guideline value for Karnan Nagar in Palavedu village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavedu

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Karnan Nagar

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Karnan Nagar guideline value

The current guideline value of Karnan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Palavedu village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Karnan Nagar has changed

The guideline value for Karnan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. However, in 2023, the value increased to Rs 400 per sq.ft, and the most recent revision in 2024 set it at Rs 440 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw a further increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Palavedu

In Palavedu village, there are 18 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 290 to Rs 1,100 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the guideline value of Karnan Nagar.

Stamp duty and registration fee for property in Karnan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. 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 further calculations.

Which Sub Registrar Office covers Karnan Nagar?

Karnan Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palavedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's official value.

Frequently asked questions

What is the current guideline value of Karnan Nagar?

The current guideline value of Karnan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Karnan Nagar has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Karnan Nagar?

Karnan Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Karnan Nagar?

The stamp duty for a property at the guideline value of Rs 4,40,000 would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600 for a 1,000 sq.ft plot.

Which office handles property registrations for Karnan Nagar?

The Avadi Sub Registrar Office handles property registrations for Karnan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.