Guideline Value for Karumuthu Thiyagaraja Nagar

Karumuthu Thiyagaraja Nagar guideline value

The current guideline value of Karumuthu Thiyagaraja Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This locality is situated in Adhanoor village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Karumuthu Thiyagaraja Nagar has changed

The guideline value for Karumuthu Thiyagaraja Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, it then dropped to Rs 670 per sq.ft in 2017, before rising again to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002 and 2003.

From the 2017 to 2023 revisions, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, indicating a stable market for this period. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is equal to the current figure for Karumuthu Thiyagaraja Nagar.

• Karthik Nagar Extn: Rs 1,000 per sq.ft (2024)
• Karthik Nagar: Rs 1,000 per sq.ft (2024)
• Kavignar Kannadasan Nagar: Rs 1,000 per sq.ft (2024)
• Kannan Nagar: Rs 1,000 per sq.ft (2024)
• K.M.A. Avenue: Rs 1,000 per sq.ft (2024)
• K.M.A. Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Karumuthu Thiyagaraja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Karumuthu Thiyagaraja Nagar?

The Sub Registrar Office that covers Karumuthu Thiyagaraja Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to accurately assess the costs involved in the property transfer.

Frequently asked questions

What is the current guideline value of Karumuthu Thiyagaraja Nagar?

The current guideline value of Karumuthu Thiyagaraja Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2007, increasing to Rs 1,000 in 2012, dropping to Rs 670 in 2017, and then returning to Rs 1,000 in both 2023 and 2024.

What is the land classification of Karumuthu Thiyagaraja Nagar?

Karumuthu Thiyagaraja Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is set at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.