Guideline Value for KARUNANITHI STREET

Karunanithi Street guideline value

The current guideline value of Karunanithi Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Karunanithi Street has changed

In the 2012 revision, the guideline value for Karunanithi Street was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 3,300 per sq.ft. The overall change from the 2012 revision to the 2024 revision is also a 10% increase.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Therefore, the only revisions that reflect a guideline value are from 2012, 2023, and 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the guideline value of Karunanithi Street.

• Kasthuribai Street: Rs 3,300 per sq.ft (2024)
• Kattabomman Street: Rs 3,850 per sq.ft (2024)
• Katvindhan Street: Rs 2,750 per sq.ft (2024)
• Karikalan Street: Rs 3,300 per sq.ft (2024)
• Kennadi Street: Rs 3,520 per sq.ft (2024)
• Kennedy Street (Naidu Shop Street): Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanithi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Karunanithi Street?

The Sub Registrar Office that covers Karunanithi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This value is set by the government and reflects the minimum value at which properties are to be registered.

When buying or selling property, the guideline value ensures transparency and uniformity in property transactions. It helps in assessing the fair value of the property and aids in the calculation of various fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Karunanithi Street?

The current guideline value of Karunanithi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,000 per sq.ft from 2012 to 2023, and then increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

What is the land classification for Karunanithi Street?

Karunanithi Street is classified as Residential Class I Type - II.

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

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Karunanithi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.