Guideline Value for Karunanidhi Nagar 4th Street

Karunanidhi Nagar 4th Street guideline value

The current guideline value for Karunanidhi Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - II.

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

Since the 2002 revision, the guideline value for Karunanidhi Nagar 4th Street has experienced significant changes. The value began at Rs 534 per sq.ft in 2002 and increased to Rs 599 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, marking a substantial increase of 67%. In 2012, the value was Rs 3,000 per sq.ft, which was a 200% increase from the previous revision. However, it then decreased by 33% to Rs 2,010 per sq.ft in 2017. The value saw a notable increase again to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 518%. There are no figures available for the years not listed in the register for this street.

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 4th Street is below this median.

• Karunanidhi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 8th Street: Rs 3,300 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 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 to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Karunanidhi Nagar 4th Street?

The Sub Registrar Office that covers Karunanidhi Nagar 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 when buying or selling property in Ayanavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer needs to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are transparent and adhere to legal requirements.

Frequently asked questions

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

The current guideline value for Karunanidhi Nagar 4th 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 significantly from Rs 534 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 518% over this period.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office is responsible for Karunanidhi Nagar 4th Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is responsible for Karunanidhi Nagar 4th Street.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, with Karunanidhi Nagar 4th Street's value being below this median at Rs 3,300 per sq.ft.