Guideline Value for Kalizhar Karunanithi street (Iyappan nagar)

Kalizhar Karunanithi street (Iyappan nagar) guideline value

The current guideline value of Kalizhar Karunanithi street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kalizhar Karunanithi street (Iyappan nagar) has changed

The guideline value for Kalizhar Karunanithi street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 1,072 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 1,600 per sq.ft in 2023, followed by a further rise to Rs 1,700 per sq.ft in 2024, reflecting a 6% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 325%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Kalizhar Karunanithi street's 2024 figure of Rs 1,700 per sq.ft is above this median.

• Kamalammal Street (Rajammal nagar): Rs 1,300 per sq.ft (2024)
• Kamarajar street (sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Kamarajar street (v.o.c.nagar): Rs 1,600 per sq.ft (2024)
• Jr Enclave Phase - V: Rs 2,300 per sq.ft (2024)
• Jr Enclave Phase - IV: Rs 2,200 per sq.ft (2024)
• Jr Enclave Phase-III: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kalizhar Karunanithi street (Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Kalizhar Karunanithi street (Iyappan nagar)?

The Sub Registrar Office that covers Kalizhar Karunanithi street (Iyappan 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayappakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Kalizhar Karunanithi street (Iyappan nagar)?

The current guideline value of Kalizhar Karunanithi street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various changes, from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 325% since 2007.

What is the land classification of Kalizhar Karunanithi street (Iyappan nagar)?

The land classification for Kalizhar Karunanithi street (Iyappan nagar) is Residential Special Type - II.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalizhar Karunanithi street (Iyappan nagar)?

The Ambattur Sub Registrar Office covers Kalizhar Karunanithi street (Iyappan nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.