Guideline Value for KARUNANIDHI STREET

Karunanidhi Street guideline value

The current guideline value of Karunanidhi Street in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Karunanidhi Street has changed

The guideline value for Karunanidhi Street has seen several revisions over the years. In 2003, the guideline value was Rs 180 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a significant rise of 94%. The value then jumped to Rs 850 per sq.ft in 2012, reflecting an increase of 143%. However, it decreased to Rs 569 per sq.ft in 2017, a decline of 33%. The value further rose to Rs 850 per sq.ft in 2023, before reaching the current value of Rs 935 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 419%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Karunanidhi Street aligns with this median.

• Karunanithi 1st Street: Rs 935 per sq.ft (2024)
• Karunanithi 2nd Street: Rs 935 per sq.ft (2024)
• Karumariyamman Koil St: Rs 1,310 per sq.ft (2024)
• Karumariyamman Koil 3rd Cross St: Rs 935 per sq.ft (2024)
• Karumariyamman Koil 2nd Cross St: Rs 935 per sq.ft (2024)
• Karumariyamman Koil 1st Cross St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. 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 Street?

The Sub Registrar Office that covers Karunanidhi Street is 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 Vilingiyambakkam

The guideline value is a critical factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and the seller comply with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Karunanidhi Street?

The current guideline value of Karunanidhi Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2003 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 419% over this period.

What is the land classification of Karunanidhi Street?

Karunanidhi Street is classified as Residential Class II Type - II, which is relevant for determining its guideline value and usage.

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

The Sub Registrar Office for Karunanidhi Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For instance, a property with a guideline value of Rs 9,35,000 would incur a stamp duty of Rs 65,450 at 7%.