Guideline Value for Kariamanicka PerumalKoil lane

Kariamanicka PerumalKoil lane guideline value

The current guideline value for Kariamanicka PerumalKoil lane in Ayanavaram village, under the AnnaNagar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Kariamanicka PerumalKoil lane has changed

The guideline value for Kariamanicka PerumalKoil lane has seen significant changes over the years. In the 2002 revision, the value was Rs 420 per sq.ft, which increased to Rs 584 per sq.ft in 2003, marking a 39% rise. The value further increased to Rs 1,000 per sq.ft in 2007, showing a 71% change. By 2012, the value was Rs 4,000 per sq.ft, reflecting a 300% increase from the previous revision. However, it dropped to Rs 2,680 per sq.ft in 2017, indicating a 33% decline. The value then rose to Rs 4,000 per sq.ft in 2023, and finally reached Rs 4,400 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 948%. There are no figures available for the years not listed in the register for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Kariamanicka PerumalKoil lane's current value below this median.

• Kariamanicka PerumalKoil Street: Rs 3,300 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 lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Kariamanicka PerumalKoil lane?

The Kariamanicka PerumalKoil lane falls under the AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the necessary fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Kariamanicka PerumalKoil lane?

The current guideline value for Kariamanicka PerumalKoil lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 948% over this period.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft plot would incur total fees of Rs 3,96,000 based on the current guideline value.

Which Sub Registrar Office should I visit for transactions in Kariamanicka PerumalKoil lane?

The AnnaNagar Sub Registrar Office covers Kariamanicka PerumalKoil lane, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, meaning that Kariamanicka PerumalKoil lane's current value is below this median.