Guideline Value for Karunanidhi Nagar 9th Street

Karunanidhi Nagar 9th Street guideline value

The current guideline value of Karunanidhi Nagar 9th 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 9th Street has changed

The guideline value for Karunanidhi Nagar 9th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 534 per sq.ft. This increased to Rs 599 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 1,000 per sq.ft in 2007, which was an increase of 67%. Following this, the 2012 revision saw a decrease to Rs 3,000 per sq.ft, a decline of 200%. The value then increased to Rs 2,010 per sq.ft in 2017, reflecting a 49% rise, and reached Rs 3,000 per sq.ft in 2023, before the current figure of Rs 3,300 per sq.ft was established in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 518%. There are no figures available for any revisions other than those listed for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that the guideline value for Karunanidhi Nagar 9th Street is below this median.

• Karunanidhi Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karunanidhi Nagar 9th Street?

The Sub Registrar Office that covers Karunanidhi Nagar 9th 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 in property transactions in Ayanavaram, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall cost of the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar 9th Street?

The current guideline value of Karunanidhi Nagar 9th 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, reflecting an overall increase of 518% over this period.

What is the stamp duty rate for properties in Karunanidhi Nagar 9th Street?

The stamp duty rate for properties in Karunanidhi Nagar 9th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Karunanidhi Nagar 9th Street located?

The Sub Registrar Office for Karunanidhi Nagar 9th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the real estate market.