Guideline Value for Karunanidhi Nagar 8th Street

Karunanidhi Nagar 8th Street guideline value

The current guideline value of Karunanidhi Nagar 8th Street is Rs 2,800 per sq.ft. 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 8th Street has changed

The guideline value for Karunanidhi Nagar 8th Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017. The value rose to Rs 2,500 per sq.ft in 2023 and is now set at Rs 2,800 per sq.ft from the 2024 revision, effective from 1 July 2024. The register has no figures for this street in 2002 and 2003.

Between the revisions, the changes are notable. The increase from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024 represents a 12% rise. The value jumped by 49% from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023. The drop from 2012 to 2017 was 33%, while the surge from 2007 to 2012 was a remarkable 257%. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Karunanidhi Nagar 8th Street below this median.

• Karunanidhi Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 9th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Puram: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 4th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000. Together, these fees would total 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karunanidhi Nagar 8th Street?

The Sub Registrar Office that covers Karunanidhi Nagar 8th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

When buying or selling property in Thalakanancherry, the guideline value plays a crucial role in determining the registration fees and stamp duty. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is officially recorded.

Additionally, the guideline value serves as a benchmark for property transactions, helping to ensure transparency and fairness in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar 8th Street?

The current guideline value of Karunanidhi Nagar 8th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 300% over this period.

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

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.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Karunanidhi Nagar 8th Street?

Karunanidhi Nagar 8th Street is classified as Residential Class II Type - II.