Guideline Value for KARUNANITHI 1ST STREET

Karunanithi 1st Street guideline value

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

How the guideline value of Karunanithi 1st Street has changed

The guideline value for Karunanithi 1st Street has seen several revisions over the years. The earliest recorded value is from 2012, which was Rs 850 per sq.ft. This value decreased to Rs 569 per sq.ft in 2017, representing a decline of 33%. However, the value saw a significant increase to Rs 850 per sq.ft in 2023, and then further rose to Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 850 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is the same as the guideline value for Karunanithi 1st Street.

• Karunanithi 2nd Street: Rs 935 per sq.ft (2024)
• Karunanidhi 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 Karunanithi 1st 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 cost for these fees 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 Karunanithi 1st Street?

The Sub Registrar Office that covers Karunanithi 1st 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 crucial factor in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Karunanithi 1st Street?

The current guideline value of Karunanithi 1st 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 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Karunanithi 1st Street?

Karunanithi 1st Street falls under the Residential Class II Type - II land classification.

Where can I find the Sub Registrar Office for Karunanithi 1st Street?

The Avadi Sub Registrar Office covers Karunanithi 1st Street, 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at 7%.