Guideline Value for Karikalan Nagar

Karikalan Nagar guideline value

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

How the guideline value of Karikalan Nagar has changed

The guideline value for Karikalan Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 215 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was a rise of 40%. Following this, the value surged dramatically to Rs 1,407 per sq.ft in 2017, marking an increase of 369%. The most recent revision in 2023 set the value at Rs 2,099 per sq.ft, a 49% increase from the previous figure. The latest revision in 2024 has further raised the guideline value to Rs 2,350 per sq.ft, reflecting a 12% increase from 2023.

Overall, from 2003 to 2024, the guideline value has increased by 993%. It is important to note that the register has no figures for the years 2002 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, with a median value of Rs 1,980 per sq.ft. The guideline value of Karikalan Nagar is above this median.

• Karikalan Nagar Chenguttuvan Street: 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

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, while the registration fee at 2% would be Rs 47,000. Together, these fees total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karikalan Nagar?

The Sub Registrar Office that covers Karikalan Nagar 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 when buying or selling property in Anakaputhur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property is sold, the guideline value helps to establish a fair price for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Karikalan Nagar?

The current guideline value of Karikalan Nagar 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 significantly from Rs 215 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 993% over this period.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with the same guideline value of Rs 2,350 per sq.ft include Chenguttuvan Street, Rajaji 1st Cross Street, Rajaji 2nd Cross Street, Rajaji 3rd Cross Street, Rajaji Street, and Kanniamman Koil Street Cross Street.

What is the registration fee for property in Karikalan Nagar?

The registration fee for property in Karikalan Nagar is calculated at 2% of the guideline value. For a property valued at Rs 23,50,000, the registration fee would be Rs 47,000.

Where is the Sub Registrar Office for Karikalan Nagar located?

The Sub Registrar Office for Karikalan Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.