Guideline Value for Karunanidhi Nagar 4th Street

Karunanidhi Nagar 4th Street guideline value

The current guideline value of Karunanidhi Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Karunanidhi Nagar 4th Street has changed

The guideline value for Karunanidhi Nagar 4th Street has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, representing a 33% decline. The value then rose again to Rs 2,500 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that the register has no figures for Karunanidhi Nagar 4th Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Karunanidhi Nagar 4th Street is below this median.

• Karunanidhi Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 8th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunanidhi Nagar 4th Street?

The Sub Registrar Office that covers Karunanidhi Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thalakanancherry. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar 4th Street?

The current guideline value of Karunanidhi Nagar 4th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with a total increase of 300% from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Karunanidhi Nagar 4th Street?

The Alandur Sub Registrar Office handles registrations for Karunanidhi Nagar 4th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Where does Karunanidhi Nagar 4th Street's guideline value stand compared to other streets?

Karunanidhi Nagar 4th Street's guideline value of Rs 2,800 per sq.ft is below the median value of Rs 3,900 per sq.ft for other streets in Thalakanancherry.