Guideline Value for Kariyappa Nagar

Kariyappa Nagar guideline value

The current guideline value of Kariyappa Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Sekkadu village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Kariyappa Nagar has changed

Over the years, the guideline value for Kariyappa Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,075 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a substantial increase of 49%, and from 2023 to 2024, the increase was 8%. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Kariyappa Nagar's 2024 figure below that median.

• Karthik Nagar: Rs 1,320 per sq.ft (2024)
• Kinathangarai Street: Rs 1,075 per sq.ft (2024)
• Kamarajar Street: Rs 1,075 per sq.ft (2024)
• Kulakkarai Street: Rs 1,075 per sq.ft (2024)
• Kumaran Nagar: Rs 1,075 per sq.ft (2024)
• Iyyappa Nagar Extension: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kariyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, and the registration fee at 2% would be Rs 21,500, totaling Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kariyappa Nagar?

Kariyappa Nagar falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Sekkadu. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value is also significant as it helps determine the minimum price at which the property can be registered. This ensures that the transaction is in accordance with the prevailing rates set by the registration authorities.

Frequently asked questions

What is the current guideline value of Kariyappa Nagar?

The current guideline value of Kariyappa Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the median guideline value for streets in Sekkadu?

The median guideline value for streets in Sekkadu is Rs 1,320 per sq.ft, with Kariyappa Nagar's current value being below this median.

What are the stamp duty and registration fees for property in Kariyappa Nagar?

For a property valued at Rs 10,75,000, the stamp duty would be Rs 75,250 and the registration fee would be Rs 21,500, totaling Rs 96,750.

Which office handles registrations for Kariyappa Nagar?

The Avadi Sub Registrar Office handles registrations for Kariyappa Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.