Guideline Value for Kalainger Karunanithi Street(1ward)

Kalainger Karunanithi Street(1ward) guideline value

The current guideline value of Kalainger Karunanithi Street(1ward) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class IV Type - II.

How the guideline value of Kalainger Karunanithi Street(1ward) has changed

The guideline value for Kalainger Karunanithi Street(1ward) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 670 per sq.ft. However, the value saw a significant increase to Rs 1,000 per sq.ft in 2012, followed by a jump to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the period from 2017 to 2023 saw a notable increase of 49%. However, the period from 2012 to 2017 experienced a decrease of 33%. Overall, when considering the period from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Kalainger Karunanithi Street(1ward) is below this median.

• Kalainger Karunanithi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Kalainger Karunanithi Street (Pudur): Rs 1,900 per sq.ft (2024)
• Kalainger Karunanithi Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kalainger Cross Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kalainger Karunanithi Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kalaivanar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalainger Karunanithi Street(1ward)

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalainger Karunanithi Street(1ward)?

The Sub Registrar Office that covers Kalainger Karunanithi Street(1ward) 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 details.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is consistent and transparent.

Frequently asked questions

What is the current guideline value of Kalainger Karunanithi Street(1ward)?

The current guideline value of Kalainger Karunanithi Street(1ward) 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 back 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 of Kalainger Karunanithi Street(1ward)?

Kalainger Karunanithi Street(1ward) is classified as Residential Class IV Type - II according to the local guidelines.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated in Oragadam?

Stamp duty in Oragadam is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct amount of duty is paid during the registration process.