Guideline Value for KARUNEEGAR STREET

Karuneegar Street guideline value

The current guideline value of Karuneegar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Karuneegar Street has changed

The guideline value of Karuneegar Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 75 per sq.ft. This increased to Rs 150 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 100 per sq.ft, which was a decrease of 33%. The 2023 revision maintained the value at Rs 150 per sq.ft, showing no change from the previous year. Finally, the 2024 revision also keeps the value at Rs 150 per sq.ft, resulting in a 0% change from 2023.

It is important to note that there are no figures available for Karuneegar Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft. The median value is Rs 150 per sq.ft, making Karuneegar Street's 2024 figure equal to this median.

• Kammala Street: Rs 150 per sq.ft (2024)
• Jai Nagar: Rs 126 per sq.ft (2024)
• Indira Nagar: Rs 175 per sq.ft (2024)
• Maniyakara Street @ Munichief Street: Rs 126 per sq.ft (2024)
• Inamthar Street: Rs 126 per sq.ft (2024)
• Mariyamman Koil Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Karuneegar Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Karuneegar Street?

The Sub Registrar Office that covers Karuneegar Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Salavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Karuneegar Street?

The current guideline value of Karuneegar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing no change from 2023 to 2024. The value increased from Rs 75 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreased to Rs 100 per sq.ft in 2017, and returned to Rs 150 per sq.ft in 2023 and 2024.

What are the other guideline values in Salavakkam?

In Salavakkam, other streets have varying guideline values, ranging from Rs 100 to Rs 250 per sq.ft. The median value is Rs 150 per sq.ft, which is the same as the guideline value for Karuneegar Street.

What is the stamp duty for property in Karuneegar Street?

The stamp duty for property in Karuneegar Street is calculated at 7% of the guideline value. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.

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

The Sub Registrar Office for Karuneegar Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.