Guideline Value for KARUNEEGAR ST

Karuneegar St guideline value

The current guideline value of Karuneegar St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Karuneegar St has changed

The guideline value for Karuneegar St has seen several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 603 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 950 per sq.ft in 2024, representing a 6% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a net increase of 6%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 among these streets is Rs 1,625 per sq.ft, indicating that the guideline value of Karuneegar St is below this median.

• Karunanidhi 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 Karuneegar 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 at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total costs together Rs 85,500. It is important to note that 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 details.

Which Sub Registrar Office covers Karuneegar St?

The Sub Registrar Office that covers Karuneegar 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 is a crucial factor during the registration process of a property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate taxes based on the property's value.

Frequently asked questions

What is the current guideline value of Karuneegar St?

The current guideline value of Karuneegar 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 back to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Karuneegar St?

The land classification for Karuneegar St is Residential Class II Type - I.

What are the other streets in Paruthipattu with the same guideline value?

Other streets in Paruthipattu with the same guideline value of Rs 950 per sq.ft include Karunanidhi St, Karumariyamman Koil St, Kattabomman St, Kannagi St, and Kambar St.

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

The Sub Registrar Office for Karuneegar 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.