Guideline Value for KARNIKAR STREET(KANNKAR STREET)

Karnikar Street(Kannkar Street) guideline value

The current guideline value of Karnikar Street (Kannkar Street) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Karnikar Street(Kannkar Street) has changed

The guideline value for Karnikar Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The changes between these revisions include a 400% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvottiyur

In Thiruvottiyur village, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Karnikar Street.

• Karunikar Street: Rs 3,300 per sq.ft (2024)
• Kannakkar Street: Rs 3,300 per sq.ft (2024)
• Kattuponniamman Nagar(Ponniamman Nagar): Rs 1,500 per sq.ft (2024)
• Kavari Nagar: Rs 3,300 per sq.ft (2024)
• Kanakkar Lane: Rs 3,300 per sq.ft (2024)
• Kambar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karnikar Street(Kannkar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karnikar Street(Kannkar Street)?

The Sub Registrar Office that covers Karnikar Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thiruvottiyur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements of property registration.

Additionally, the guideline value is essential for assessing the market value of properties in the area. It serves as a benchmark for both buyers and sellers to understand the expected value of properties in Thiruvottiyur.

Frequently asked questions

What is the current guideline value of Karnikar Street?

The current guideline value of Karnikar Street (Kannkar Street) is Rs 3,300 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 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 450%.

Which Sub Registrar Office covers Karnikar Street?

Karnikar Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the stamp duty and registration fees for property in Karnikar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where can I find more information about guideline values in Thiruvottiyur?

More information about guideline values in Thiruvottiyur can be found through the Thiruvottiyur SRO or by checking the guideline value register on the TNReginet website.