Guideline Value for Karikadai Street @ Kavingar kannadhasan street

Karikadai Street @ Kavingar kannadhasan street guideline value

The current guideline value for Karikadai Street @ Kavingar kannadhasan street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Karikadai Street @ Kavingar kannadhasan street has changed

The guideline value for Karikadai Street @ Kavingar kannadhasan street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a substantial rise of 580%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 580%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Karikadai Street @ Kavingar kannadhasan street above this median at Rs 1,000 per sq.ft.

• Karuneegar Street: Rs 900 per sq.ft (2024)
• Kasppa Munuswami Nayidu Street: Rs 1,000 per sq.ft (2024)
• Kattuppakkam Kalani: Rs 700 per sq.ft (2024)
• Kedhareeshvaran Koil Street: Rs 1,000 per sq.ft (2024)
• Kizhakku Kammala Sandhu Street: Rs 900 per sq.ft (2024)
• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Karikadai Street @ Kavingar kannadhasan street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karikadai Street @ Kavingar kannadhasan street?

The Sub Registrar Office that covers Karikadai Street @ Kavingar kannadhasan street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Uthiramerur. It serves as a benchmark for determining the minimum value of the property for registration purposes. This value is used to calculate the stamp duty and registration fees that are payable at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair and consistent value. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Karikadai Street @ Kavingar kannadhasan street?

The current guideline value for Karikadai Street @ Kavingar kannadhasan street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, before rising back to Rs 1,000 per sq.ft in 2023 and 2024.

What is the stamp duty for property in Karikadai Street @ Kavingar kannadhasan street?

The stamp duty for property in Karikadai Street @ Kavingar kannadhasan street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the land classification for Karikadai Street @ Kavingar kannadhasan street?

Karikadai Street @ Kavingar kannadhasan street is classified as Residential Class I Type - I.