Guideline Value for KARUNYA NAGAR

Karunya Nagar guideline value

The current guideline value of Karunya Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Karunya Nagar has changed

The guideline value for Karunya Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 330 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for Karunya Nagar in the years 2002, 2003, 2007, and 2012. The substantial increase from Rs 201 in 2017 to Rs 300 in 2023 reflects a significant change in the guideline value over this period.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Karunya Nagar.

• Karumariamman Nagar: Rs 330 per sq.ft (2024)
• Kaveri Nagar: Rs 330 per sq.ft (2024)
• Karpagam Ammal Nagar: Rs 330 per sq.ft (2024)
• Karaiyan Medu: Rs 330 per sq.ft (2024)
• Kannya Puram: Rs 330 per sq.ft (2024)
• K.G.S. Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Karunya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, totaling Rs 23,100, while the registration fee is 2%, amounting to Rs 6,600. Together, the total cost for stamp duty and registration fee would be Rs 29,700. 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 detailed calculations.

Which Sub Registrar Office covers Karunya Nagar?

The Sub Registrar Office that covers Karunya Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees, which are essential for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Karunya Nagar?

The current guideline value of Karunya Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Karunya Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office should I approach for Karunya Nagar?

The Thiruvottiyur Sub Registrar Office covers Karunya Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Athipattu?

The median guideline value for the 108 streets in Athipattu is Rs 330 per sq.ft, which is the same as the guideline value for Karunya Nagar.