Guideline Value for KARUNKUZHI CHETTI STEET

Karunkuzhi Chetti Steet guideline value

The current guideline value for Karunkuzhi Chetti Steet is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village under the Madurandakam SRO, classified as Mixed Type - I.

How the guideline value of Karunkuzhi Chetti Steet has changed

The guideline value for Karunkuzhi Chetti Steet has seen several revisions over the years. The earliest recorded value was Rs 40 per sq.ft in 2007. This value increased significantly to Rs 400 per sq.ft in 2012, reflecting a rise of 900%. However, it dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 400 per sq.ft in 2023, before reaching the current rate of Rs 401 per sq.ft in 2024, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 903%.

Guideline values in Karunguzhi

In Karunguzhi, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 401 to Rs 1,000 per sq.ft. The median guideline value is Rs 401 per sq.ft, which is the same as the current value for Karunkuzhi Chetti Steet.

• Karunguzhi GST ROAD: Rs 501 per sq.ft (2024)
• KEEZHANDAI COLONY (a) VALLUVAR STREET: Rs 401 per sq.ft (2024)
• Maasumsha High Way Mega City: Rs 602 per sq.ft (2024)
• Madura Nagar Phase-I: Rs 501 per sq.ft (2024)
• Madura Nagar Phase-II: Rs 501 per sq.ft (2024)
• Malaipalayam: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Karunkuzhi Chetti Steet

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. It is important to note that 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.

Which Sub Registrar Office covers Karunkuzhi Chetti Steet?

The Sub Registrar Office that covers Karunkuzhi Chetti Steet is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in Karunkuzhi.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value, as the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Karunkuzhi Chetti Steet?

The current guideline value of Karunkuzhi Chetti Steet is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, reflecting an overall increase of 903% over the years.

Which Sub Registrar Office is responsible for Karunkuzhi Chetti Steet?

The Madurandakam Sub Registrar Office is responsible for Karunkuzhi Chetti Steet, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the stamp duty rates for properties in Karunkuzhi?

The stamp duty rate for properties in Karunkuzhi is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.