Guideline Value for KARNAN STREET

Karnan Street guideline value

The current guideline value of Karnan Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

How the guideline value of Karnan Street has changed

The guideline value for Karnan Street has undergone several revisions over the years. The earliest recorded figure is from 2002, when it was Rs 895 per sq.ft. This value increased to Rs 983 per sq.ft in 2003, marking a 10% rise. By 2007, the guideline value saw a significant jump to Rs 1,400 per sq.ft, reflecting a 42% increase. The next revision in 2012 kept the value at Rs 5,800 per sq.ft, showing a substantial increase of 314% from the previous figure. However, there were no recorded figures for this street in the 2017 revision.

In 2023, the guideline value remained at Rs 5,800 per sq.ft, but in 2024, it was revised to Rs 6,300 per sq.ft, which is a 9% increase. Overall, from 2002 to 2024, the guideline value has risen by 604%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making Karnan Street's 2024 figure above this median.

• Karnan Lane: Rs 5,000 per sq.ft (2024)
• Kanthappan Colony: Rs 5,000 per sq.ft (2024)
• Karumari Amman Koil Street: Rs 5,000 per sq.ft (2024)
• Kanniappan Street (Choolaimedu): Rs 4,400 per sq.ft (2024)
• Kasthuri Bai Nagar: Rs 4,400 per sq.ft (2024)
• Kannappa Street (Behind Ambika Empire): Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. 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 Street?

Karnan Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications during the transaction process.

Frequently asked questions

What is the current guideline value of Karnan Street?

The current guideline value of Karnan Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 895 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 604% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Karnan Street's 2024 value being above this median.

What are the stamp duty and registration fees for properties on Karnan Street?

For a 1,000 sq.ft plot at Rs 6,300 per sq.ft, the total guideline value is Rs 63,00,000, with stamp duty at Rs 4,41,000 and registration fee at Rs 1,26,000, totaling Rs 5,67,000.

Which office handles property registrations for Karnan Street?

The Kodambakkam Sub Registrar Office handles property registrations for Karnan Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.