Guideline Value for Kariamanicka PerumalKoil Street

Kariamanicka PerumalKoil Street guideline value

The current guideline value of Kariamanicka PerumalKoil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - II.

How the guideline value of Kariamanicka PerumalKoil Street has changed

The guideline value for Kariamanicka PerumalKoil Street has seen several revisions over the years. The earliest recorded value in the register is from 2002, with a guideline value of Rs 504 per sq.ft. This increased to Rs 584 per sq.ft in 2003, marking a 16% rise. The value then rose significantly to Rs 1,000 per sq.ft in 2007, reflecting a 71% increase. Following this, the value jumped to Rs 3,000 per sq.ft in 2012, which was a 200% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 555%. Notably, there are no figures available for the revisions in years other than those listed.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Kariamanicka PerumalKoil Street's 2024 figure below that median.

• Kariamanicka PerumalKoil lane: Rs 4,400 per sq.ft (2024)
• Karunanidhi Nagar: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar10th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kariamanicka PerumalKoil Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kariamanicka PerumalKoil Street?

The Sub Registrar Office that covers Kariamanicka PerumalKoil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider the guideline value as it influences the overall cost of the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kariamanicka PerumalKoil Street?

The current guideline value of Kariamanicka PerumalKoil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 504 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 555% over the years.

What is the land classification of Kariamanicka PerumalKoil Street?

Kariamanicka PerumalKoil Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000, based on the current guideline value.

Where is the Sub Registrar Office located for this street?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.