Guideline Value for Karikalan Street (senthil nagar)

Karikalan Street (senthil nagar) guideline value

The current guideline value of Karikalan Street (senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it is classified as Residential Special Type - II.

How the guideline value of Karikalan Street (senthil nagar) has changed

The guideline value for Karikalan Street (senthil nagar) has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 317% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, resulting in a 61% increase from the 2017 figure.

It is important to note that the guideline value register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Karikalan Street (senthil nagar) is above this median.

• Karmegam Street: Rs 1,900 per sq.ft (2024)
• Karpagam Avenue: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar: Rs 990 per sq.ft (2024)
• Kannathasan Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Karumari Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Kannappan Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Karikalan Street (senthil nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karikalan Street (senthil nagar)?

The Sub Registrar Office that covers Karikalan Street (senthil nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration regulations.

When a property transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and fairly in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value of Karikalan Street (senthil nagar)?

The current guideline value of Karikalan Street (senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What are the registration fees for property in Karikalan Street (senthil nagar)?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Karikalan Street (senthil nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

Are there other streets with guideline values in Thirumullaivoyal?

Yes, there are several other streets in Thirumullaivoyal with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. Notably, Karikalan Street (senthil nagar) has a value above the median of Rs 2,400 per sq.ft.