Guideline Value for Karunanidhi Nagar ist street

Karunanidhi Nagar ist street guideline value

The current guideline value of Karunanidhi Nagar ist street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Karunanidhi Nagar ist street has changed

The guideline value for Karunanidhi Nagar ist street has undergone several revisions since 2017. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Karunanidhi Nagar ist street's 2024 figure below this median.

• Karunanidhi Nagar: Rs 2,350 per sq.ft (2024)
• Karunanithi Nagar 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar IInd Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar Ist Lane: Rs 1,760 per sq.ft (2024)
• Karunanidhi Nagar Ist Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar ist street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunanidhi Nagar ist street?

The Sub Registrar Office that covers Karunanidhi Nagar ist street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. It is used as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from transactions.

When buying or selling property, the guideline value is considered alongside the sale price. If the sale price exceeds the guideline value, the stamp duty and registration fees are calculated based on the sale price. This ensures that all property transactions are fairly assessed and registered according to the established guidelines.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar ist street?

The current guideline value of Karunanidhi Nagar ist street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024. This reflects an overall increase of 64% over the seven years.

What is the land classification of Karunanidhi Nagar ist street?

Karunanidhi Nagar ist street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Karunanidhi Nagar ist street?

The Sub Registrar Office for Karunanidhi Nagar ist street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office is part of the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 17,60,000, with corresponding fees calculated accordingly.