Guideline Value for Karanaipuduchery Road

Karanaipuduchery Road guideline value

The current guideline value of Karanaipuduchery Road in Karanaipuducheri village is Rs 1,200 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Karanaipuduchery Road has changed

The guideline value for Karanaipuduchery Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. Following that, the value increased by 49% to Rs 1,200 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value over this period.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing the current guideline value of Karanaipuduchery Road above this median.

• Karumariamman Nagar: Rs 800 per sq.ft (2024)
• Kavin Avenue: Rs 700 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 800 per sq.ft (2024)
• Kkr Nagar: Rs 1,200 per sq.ft (2024)
• K.K.R. Nagar Phase-I: Rs 1,200 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Karanaipuduchery Road

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Karanaipuduchery Road?

The Sub Registrar Office covering Karanaipuduchery Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is considered to ascertain the applicable fees. It serves as a benchmark for the valuation of properties, ensuring that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Karanaipuduchery Road?

The current guideline value of Karanaipuduchery Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2024, with a drop to Rs 804 per sq.ft in 2017 before returning to Rs 1,200 per sq.ft in 2023 and 2024.

What is the land classification for Karanaipuduchery Road?

Karanaipuduchery Road is classified as Residential Special Type - I under the current guidelines.

Where can I find the registration office for properties in this area?

The registration office for properties in Karanaipuduchery Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is stamp duty calculated for properties in Karanaipuduchery Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.