Guideline Value for KARUNANITHI NAGAR 4th CROSS STREET

KARUNANITHI NAGAR 4th CROSS STREET guideline value

The current guideline value of KARUNANITHI NAGAR 4th CROSS STREET is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village, under the jurisdiction of the Manavalanagar SRO, and is classified as Commercial Class I Type - III.

How the guideline value of KARUNANITHI NAGAR 4th CROSS STREET has changed

Over the years, the guideline value for KARUNANITHI NAGAR 4th CROSS STREET has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which then increased significantly to Rs 1,300 per sq.ft in the 2012 revision. However, there was a decrease to Rs 871 per sq.ft in the 2017 revision. The value remained at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The value saw a substantial increase of 767% from the 2007 revision to the 2012 revision, and overall, from 2007 to 2024, the increase is also 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. KARUNANITHI NAGAR 4th CROSS STREET's 2024 guideline value is above this median.

• KARUNANITHI NAGAR 3rd CROSS STREET: Rs 1,000 per sq.ft (2024)
• KARUNANITHI NAGAR 2nd CROSS STREET: Rs 1,300 per sq.ft (2024)
• Karunanithi Nagar 1st Cross Street: Rs 1,300 per sq.ft (2024)
• Kattapomman Street: Rs 1,000 per sq.ft (2024)
• Kaveri Sreet: Rs 1,300 per sq.ft (2024)
• Karikalan Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in KARUNANITHI NAGAR 4th CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers KARUNANITHI NAGAR 4th CROSS STREET?

The KARUNANITHI NAGAR 4th CROSS STREET falls under the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vengathur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps both buyers and sellers ensure compliance with local regulations during property transactions. It is advisable to consult the latest guideline values before proceeding with any real estate dealings.

Frequently asked questions

What is the current guideline value of KARUNANITHI NAGAR 4th CROSS STREET?

The current guideline value of KARUNANITHI NAGAR 4th CROSS STREET is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and remained at Rs 1,300 per sq.ft in 2023 and 2024.

What is the land classification of KARUNANITHI NAGAR 4th CROSS STREET?

KARUNANITHI NAGAR 4th CROSS STREET is classified as Commercial Class I Type - III.

Where can I find the Sub Registrar Office for KARUNANITHI NAGAR 4th CROSS STREET?

The Sub Registrar Office covering KARUNANITHI NAGAR 4th CROSS STREET is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Vengathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 13,00,000, the stamp duty would be 7% of that amount.