Guideline Value for Kalainger Karunanithi Street (Pudur)

Kalainger Karunanithi Street (Pudur) guideline value

The current guideline value of Kalainger Karunanithi Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - I.

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

The guideline value has undergone several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft. This decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase of 6% 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 6%.

Guideline values in Oragadam

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

• Kalainger Karunanithi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Kalainger Karunanithi Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kalainger Karunanithi Street (1ward): Rs 1,100 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 (Pudur)

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 (Pudur)?

The Sub Registrar Office that covers Kalainger Karunanithi Street (Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. 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 of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable taxes and fees. Buyers must be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Kalainger Karunanithi Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Kalainger Karunanithi Street (Pudur)?

Kalainger Karunanithi Street (Pudur) is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, and it is calculated based on the higher of the guideline value or the sale price.

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

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