Guideline Value for Karaima Nagar

Karaima Nagar guideline value

The current guideline value of Karaima Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Karaima Nagar has changed

The guideline value for Karaima Nagar has seen significant changes over the years. In the 2017 revision, the value was set at Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision has raised the value further to Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, positioning Karaima Nagar's 2024 figure below this median.

• Karaima Nagar Mettu Street: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Palla Street: Rs 1,430 per sq.ft (2024)
• Karaimedu Mayana Salai: Rs 1,430 per sq.ft (2024)
• Kanniyamman Nagar: Rs 1,430 per sq.ft (2024)
• Karuneegar Street: Rs 1,430 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Karaima Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karaima Nagar?

The Sub Registrar Office that covers Karaima Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Karaima Nagar?

The current guideline value of Karaima Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets with the same guideline value in Kunrathour-B?

Other streets in Kunrathour-B with the same guideline value of Rs 1,430 per sq.ft include Karaima Nagar Mettu Street, Karaima Nagar Palla Street, Karaimedu Mayana Salai, Kanniyamman Nagar, Karuneegar Street, and Kamarajar Nagar.

What is the registration fee for property in Karaima Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 14,30,000, the registration fee would be Rs 28,600.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.