Guideline Value for Karikalan East 1st Street (East Karikalan Ist street)

Karikalan East 1st Street (East Karikalan Ist street) guideline value

The current guideline value of Karikalan East 1st Street (East Karikalan Ist street) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Karikalan East 1st Street (East Karikalan Ist street) has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 3,500 per sq.ft in 2023, followed by another increase to Rs 3,900 per sq.ft in the 2024 revision, representing an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which matches the 2024 figure for Karikalan East 1st Street.

• Karikalan 5th Street: Rs 3,900 per sq.ft (2024)
• Karikalan East 2nd Street (East Karikalan 2nd street): Rs 3,900 per sq.ft (2024)
• Karikalan 4th Street: Rs 3,900 per sq.ft (2024)
• Karikalan 1st Lane: Rs 3,900 per sq.ft (2024)
• Karikalan Street Main: Rs 3,900 per sq.ft (2024)
• Karuneegar Street (Main): Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Karikalan East 1st Street (East Karikalan Ist street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your exact fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karikalan East 1st Street (East Karikalan Ist street)?

The Sub Registrar Office covering Karikalan East 1st Street (East Karikalan Ist street) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction, ensuring that buyers and sellers comply with local regulations.

When you buy or sell property, the guideline value helps in assessing the official value of the property, which is essential for legal and financial documentation. It is necessary to refer to the latest guideline value to ensure accurate calculations for fees during the registration process.

Frequently asked questions

What is the current guideline value of Karikalan East 1st Street?

The current guideline value of Karikalan East 1st Street (East Karikalan Ist street) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then rising to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024.

What is the land classification for this street?

Karikalan East 1st Street (East Karikalan Ist street) is classified as Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office for Karikalan East 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 39,00,000 incurs a stamp duty of Rs 2,73,000.