Guideline Value for Karaunadhi Nagar

Karaunadhi Nagar guideline value

The current guideline value of Karaunadhi Nagar, located in Pozhichalur village under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Karaunadhi Nagar has changed

The guideline value of Karaunadhi Nagar has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 400 per sq.ft. This increased to Rs 804 per sq.ft in 2017, marking a 101% rise. The 2023 revision set the value at Rs 1,200 per sq.ft, which was a 49% increase from the previous figure. The most recent 2024 revision has raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

Pozhichalur village has a total of 299 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Karaunadhi Nagar.

• Karnan Nagar: Rs 1,320 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• Kannagi Street (3): Rs 1,320 per sq.ft (2024)
• Kannagi Street (12): Rs 1,320 per sq.ft (2024)
• Kannadasan Street: Rs 1,320 per sq.ft (2024)
• Kandaswamy Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Karaunadhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, leading to a total cost of Rs 1,18,800 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Karaunadhi Nagar?

The Sub Registrar Office that covers Karaunadhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at fair values as per the government's regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Karaunadhi Nagar?

The current guideline value of Karaunadhi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value increased over the years?

Since the 2007 revision, the guideline value has increased by 230%, from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024.

What is the land classification of Karaunadhi Nagar?

Karaunadhi Nagar falls under the Residential Class I Type - II land classification.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated in Karaunadhi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.