Guideline Value for Kalaigner Karunanithi Street

Kalaigner Karunanithi Street guideline value

The current guideline value of Kalaigner Karunanithi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Kalaigner Karunanithi Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure saw a decrease to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Kalaigner Karunanithi Street is below this median.

• Kalaivani Nagar: Rs 1,300 per sq.ft (2024)
• J.P. Nagar Main Street: Rs 2,200 per sq.ft (2024)
• J.P. Nagar Extention: Rs 1,900 per sq.ft (2024)
• J.P. Nagar Cross Street: Rs 2,200 per sq.ft (2024)
• J.P. Nagar Anex: Rs 1,900 per sq.ft (2024)
• J.P. Nagar(4th Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaigner Karunanithi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalaigner Karunanithi Street?

The Sub Registrar Office that covers Kalaigner Karunanithi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is documented accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kalaigner Karunanithi Street?

The current guideline value of Kalaigner Karunanithi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Kalaigner Karunanithi Street?

Kalaigner Karunanithi Street is classified as Residential Class III Type - I under the Ambattur SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for this street?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.