Guideline Value for KARUNANIDHI NAGAR

Karunanidhi Nagar guideline value

The current guideline value of Karunanidhi Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class III Type - I.

How the guideline value of Karunanidhi Nagar has changed

The guideline value for Karunanidhi Nagar has undergone several revisions over the years. The oldest recorded revision was in 2017, where the value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets listed under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the guideline value of Karunanidhi Nagar.

• KASTHURIBAI STREET ( T V Malai): Rs 825 per sq.ft (2024)
• Katcheri Street: Rs 770 per sq.ft (2024)
• Kari Medu: Rs 770 per sq.ft (2024)
• Kaooapuriamman Nagar: Rs 825 per sq.ft (2024)
• Kannigapuram Main Road: Rs 825 per sq.ft (2024)
• K C Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. 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 details.

Which Sub Registrar Office covers Karunanidhi Nagar?

The Sub Registrar Office covering Karunanidhi Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar?

The current guideline value of Karunanidhi Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Tiruttani with similar guideline values?

Other streets in Tiruttani with similar guideline values include KASTHURIBAI STREET (T V Malai), Kaooapuriamman Nagar, Kannigapuram Main Road, and K C Street, all at Rs 825 per sq.ft in 2024.

What fees are associated with buying property in Karunanidhi Nagar?

When buying property in Karunanidhi Nagar, you will need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Karunanidhi Nagar?

The Sub Registrar Office for Karunanidhi Nagar is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.