Guideline Value for Kalaingar Karunanidhi Street (Anna Nagar)

Kalaingar Karunanidhi Street (Anna Nagar) guideline value

The current guideline value of Kalaingar Karunanidhi Street (Anna Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kalaingar Karunanidhi Street (Anna Nagar) has changed

The guideline value for Kalaingar Karunanidhi Street has seen significant changes over the years. The earliest recorded figure is from 2003, where the value was Rs 211 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a 42% rise. The value then surged to Rs 1,072 per sq.ft in 2017, which is a substantial increase of 257%. Following this, the 2023 revision set the guideline value at Rs 1,600 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 has further raised the value to Rs 1,760 per sq.ft, representing a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 734%.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the 2024 value of Kalaingar Karunanidhi Street below this median.

• Kalaivanar Street (Kenndy Nagar): Rs 2,350 per sq.ft (2024)
• Kalivanar Street: Rs 1,320 per sq.ft (2024)
• Kaithemillath Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Kaithemillath Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Kaithemillath Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Kamarajapuram Gandhi Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaingar Karunanidhi Street (Anna Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. 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 more details.

Which Sub Registrar Office covers Kalaingar Karunanidhi Street (Anna Nagar)?

The Sub Registrar Office that covers Kalaingar Karunanidhi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalaingar Karunanidhi Street?

The current guideline value of Kalaingar Karunanidhi Street (Anna Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 211 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 734% over the years.

What is the median guideline value in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, which is higher than the current value of Kalaingar Karunanidhi Street.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Kalaingar Karunanidhi Street?

The Pammal Sub Registrar Office handles registrations for Kalaingar Karunanidhi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.