Guideline Value for Kalainger Karunanithi Street (Gandhi Nagar)

Kalainger Karunanithi Street (Gandhi Nagar) guideline value

The current guideline value of Kalainger Karunanithi Street (Gandhi Nagar) in Oragadam village is Rs 1,800 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class I Type - II.

How the guideline value of Kalainger Karunanithi Street (Gandhi Nagar) has changed

The guideline value for Kalainger Karunanithi Street (Gandhi Nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, this value decreased to Rs 1,139 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,700 per sq.ft, and the latest revision in 2024 set it at Rs 1,800 per sq.ft. The register has no figures for the years 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 325%, then decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and finally, there was a 6% increase from 2023 to 2024. Overall, the guideline value has increased by 350% from 2007 to 2024.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which means the current value of Kalainger Karunanithi Street (Gandhi Nagar) is below this median.

• Kalainger Karunanithi Street(1ward): Rs 1,100 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 Karunanithi Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kalainger Cross Street (Vinayagapuram): 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 (Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000. Together, the total cost for stamp duty and registration fees would be Rs 1,62,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalainger Karunanithi Street (Gandhi Nagar)?

The Sub Registrar Office that covers Kalainger Karunanithi Street (Gandhi Nagar) 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 Oragadam

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the sale price alone.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kalainger Karunanithi Street (Gandhi Nagar)?

The current guideline value of Kalainger Karunanithi Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 1,800 per sq.ft in 2024, marking an overall increase of 350% over the years.

What are the guideline values of other streets in Oragadam?

Other streets in Oragadam have varying guideline values, ranging from Rs 1,100 to Rs 2,400 per sq.ft, with the median value being Rs 2,200 per sq.ft.

What fees are associated with property registration in Kalainger Karunanithi Street (Gandhi Nagar)?

Fees for property registration include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Kalainger Karunanithi Street (Gandhi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.