Guideline Value for KARUNANIDHI ST

Karunanidhi St guideline value

The current guideline value of Karunanidhi St in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Karunanidhi St has changed

The guideline value for Karunanidhi St has seen several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 950 per sq.ft, marking a 6% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, indicating that the guideline value for Karunanidhi St is below this median.

• Karuneegar St: Rs 950 per sq.ft (2024)
• Karumariyamman Koil St: Rs 950 per sq.ft (2024)
• Kattabomman St: Rs 950 per sq.ft (2024)
• Kannigapuram Main Road: Rs 1,625 per sq.ft (2024)
• Kannagi St: Rs 950 per sq.ft (2024)
• Kambar St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty, charged at 7%, would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total cost for these fees Rs 85,500. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karunanidhi St?

The Sub Registrar Office that covers Karunanidhi St 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 Paruthipattu

The guideline value plays a crucial role during the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when transferring property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair rate, which is essential for both the buyer and seller. It helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Karunanidhi St?

The current guideline value of Karunanidhi St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Karunanidhi St?

Karunanidhi St is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Where is the Sub Registrar Office located for Karunanidhi St?

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