Guideline Value for Karunanidhi Nagar 11th Street

Karunanidhi Nagar 11th Street guideline value

The current guideline value of Karunanidhi Nagar 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Karunanidhi Nagar 11th Street has changed

The guideline value for Karunanidhi Nagar 11th Street has seen several revisions over the years. In 2002, the guideline value was Rs 534 per sq.ft, which increased to Rs 599 per sq.ft in 2003. Following that, in 2007, the value jumped significantly to Rs 1,000 per sq.ft. The 2012 revision saw a decrease to Rs 3,000 per sq.ft, which was then followed by a drop to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023 before reaching the current figure of Rs 3,300 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2002 to 2003, the increase was +12%; from 2003 to 2007, it was +67%; from 2007 to 2012, there was a +200% increase; however, from 2012 to 2017, the value decreased by -33%. The value then increased by +49% from 2017 to 2023, and finally, from 2023 to 2024, there was a +10% increase. Overall, from 2002 to 2024, the guideline value has increased by +518%.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for Karunanidhi Nagar 11th Street is below this median.

• Karunanidhi Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karunanidhi Nagar 11th Street?

The Sub Registrar Office that covers Karunanidhi Nagar 11th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar 11th Street?

The current guideline value of Karunanidhi Nagar 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 534 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of +518%.

What is the land classification for Karunanidhi Nagar 11th Street?

Karunanidhi Nagar 11th Street is classified as Residential Class II Type - II.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.