Guideline Value for Karikalan Nagar Rajaji 3rd Cross Street

Karikalan Nagar Rajaji 3rd Cross Street guideline value

The current guideline value of Karikalan Nagar Rajaji 3rd Cross 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Karikalan Nagar Rajaji 3rd Cross Street has changed

The guideline value for Karikalan Nagar Rajaji 3rd Cross Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,407 per sq.ft. This figure increased significantly to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, 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, and the guideline value for Karikalan Nagar Rajaji 3rd Cross Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total 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, bringing the total cost for these fees to 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karikalan Nagar Rajaji 3rd Cross Street?

The Sub Registrar Office that covers Karikalan Nagar Rajaji 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Additionally, the guideline value helps establish a baseline for property pricing in the area, providing transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value for Karikalan Nagar Rajaji 3rd Cross Street?

The current guideline value for Karikalan Nagar Rajaji 3rd Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% over this period.

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

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which office handles property registrations for this street?

The Pammal Sub Registrar Office handles property registrations for Karikalan Nagar Rajaji 3rd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Karikalan Nagar Rajaji 3rd Cross Street?

The land classification for Karikalan Nagar Rajaji 3rd Cross Street is Residential Class III Type - I.