Guideline Value for Karunanidhi Nagar 3rd Street

Karunanidhi Nagar 3rd Street guideline value

The current guideline value of Karunanidhi Nagar 3rd Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Karunanidhi Nagar 3rd Street has changed

The guideline value for Karunanidhi Nagar 3rd Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 5,500 per sq.ft. In 2017, this value decreased to Rs 3,685 per sq.ft, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 5,500 per sq.ft, followed by the current value of Rs 6,100 per sq.ft in 2024, which represents an 11% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,100 per sq.ft, which is equal to the current value of Karunanidhi Nagar 3rd Street.

• Karunanidhi Nagar 2nd Street: Rs 6,100 per sq.ft (2024)
• Karunanidhi Nagar 1st Street: Rs 6,100 per sq.ft (2024)
• Kottur Garden 1st Loop Street: Rs 9,400 per sq.ft (2024)
• Kottur Garden 1st Main Road: Rs 9,400 per sq.ft (2024)
• Kottur Garden 2nd Loop Street: Rs 9,400 per sq.ft (2024)
• Kottur Garden 2nd Main Road: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, totaling Rs 5,49,000. 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 detailed calculations.

Which Sub Registrar Office covers Karunanidhi Nagar 3rd Street?

The Sub Registrar Office that covers Karunanidhi Nagar 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adayar. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the government receives the appropriate taxes based on the property's value.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar 3rd Street?

The current guideline value of Karunanidhi Nagar 3rd Street is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then back to Rs 5,500 per sq.ft in 2023, and currently to Rs 6,100 per sq.ft in 2024.

What is the land classification for Karunanidhi Nagar 3rd Street?

Karunanidhi Nagar 3rd Street is classified as Residential Class II Type - I.

What are the other streets in Adayar with similar guideline values?

Other streets in Adayar with a guideline value of Rs 6,100 per sq.ft include Karunanidhi Nagar 1st Street and Karunanidhi Nagar 2nd Street.

Where can I find the Sub Registrar Office for Karunanidhi Nagar 3rd Street?

The Sub Registrar Office for Karunanidhi Nagar 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.