Guideline Value for KARTHIKEYAN NAGAR - Anjaneyar Street

KARTHIKEYAN NAGAR - Anjaneyar Street guideline value

The current guideline value of KARTHIKEYAN NAGAR - Anjaneyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of KARTHIKEYAN NAGAR - Anjaneyar Street has changed

The guideline value has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33% compared to the previous revision. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value of KARTHIKEYAN NAGAR - Anjaneyar Street is above this median.

• KARTHIKEYAN NAGAR - Agathiyar Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Appar 1st Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR 3rd Main Road: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Appar 2nd Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• KARTHIKEYAN NAGAR - Arangannal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in KARTHIKEYAN NAGAR - Anjaneyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers KARTHIKEYAN NAGAR - Anjaneyar Street?

The Sub Registrar Office that covers KARTHIKEYAN NAGAR - Anjaneyar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of KARTHIKEYAN NAGAR - Anjaneyar Street?

The current guideline value of KARTHIKEYAN NAGAR - Anjaneyar 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 increased from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the land classification for KARTHIKEYAN NAGAR - Anjaneyar Street?

KARTHIKEYAN NAGAR - Anjaneyar Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office, which covers this area, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft would incur a total stamp duty of Rs 2,31,000.