Guideline Value for Karikalan Nagar Chenguttuvan Street

Karikalan Nagar Chenguttuvan Street guideline value

The current guideline value of Karikalan Nagar Chenguttuvan Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Karikalan Nagar Chenguttuvan Street has changed

The guideline value for Karikalan Nagar Chenguttuvan Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value further to Rs 2,350 per sq.ft, marking a 12% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, making the 2024 figure for Karikalan Nagar Chenguttuvan Street above the median.

• Karikalan Nagar: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji 1st Cross Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• Karikalan Nagar Rajaji Street: Rs 2,350 per sq.ft (2024)
• Kanniamman Koil Street Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Karikalan Nagar Chenguttuvan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,350 per sq.ft, the guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karikalan Nagar Chenguttuvan Street?

The Sub Registrar Office that covers Karikalan Nagar Chenguttuvan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Anakaputhur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When you buy or sell property, the guideline value will be used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Karikalan Nagar Chenguttuvan Street?

The current guideline value of Karikalan Nagar Chenguttuvan Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with a 67% increase from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024.

What is the registration office for Karikalan Nagar Chenguttuvan Street?

The registration office for Karikalan Nagar Chenguttuvan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,11,500, calculated based on the guideline value of Rs 23,50,000.

How is the guideline value determined for properties in Anakaputhur?

The guideline value is determined based on various factors, including land classification and comparisons with other streets in the area. The values are revised periodically by the Registration Department.