Guideline Value for Karikalan Nagar Rajaji Street

Karikalan Nagar Rajaji Street guideline value

The current guideline value of Karikalan Nagar Rajaji Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Karikalan Nagar Rajaji Street has changed

Over the years, the guideline value of Karikalan Nagar Rajaji Street has seen significant changes. 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, marking a 49% increase. The current 2024 revision reflects a further increase of 12%, bringing the value to Rs 2,350 per sq.ft. It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. This steady rise in value indicates a notable change in the property landscape of the area.

Guideline values in Anakaputhur

Anakaputhur village has a range of guideline values across its 501 streets under the Pammal SRO, with values 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, placing Karikalan Nagar Rajaji Street's 2024 figure above this median.

• Karikalan Nagar Rajaji 3rd 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 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to 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 or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karikalan Nagar Rajaji Street?

The Sub Registrar Office that covers Karikalan Nagar Rajaji 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 plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the registration requirements.

When a property is registered, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is officially recorded and that all legal obligations are met. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Karikalan Nagar Rajaji 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 is the land classification for Karikalan Nagar Rajaji Street?

The land classification for Karikalan Nagar Rajaji Street is Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Karikalan Nagar Rajaji Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles property registrations in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty at 7% would be Rs 1,64,500.