Guideline Value for Karunanidhi Nagar10th Street

Karunanidhi Nagar10th Street guideline value

The current guideline value of Karunanidhi Nagar10th 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 Nagar10th Street has changed

The guideline value for Karunanidhi Nagar10th Street has seen several revisions over the years. In 2002, the guideline value was Rs 534 per sq.ft, which increased to Rs 599 per sq.ft in 2003. The value rose significantly to Rs 1,000 per sq.ft in 2007, and then it jumped to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024.

Between these revisions, the most notable changes include a 200% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then saw a significant increase of 49% from 2017 to 2023, and a 10% rise from 2023 to 2024. There are no figures available for the revisions in 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. The median guideline value is Rs 4,900 per sq.ft, making the current value of Karunanidhi Nagar10th Street below that median.

• Karunanidhi Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar10th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karunanidhi Nagar10th Street?

The Sub Registrar Office that covers Karunanidhi Nagar10th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 plays a crucial role in the registration process when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the sale price or the guideline value, whichever is higher, is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar10th Street?

The current guideline value of Karunanidhi Nagar10th 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 from Rs 534 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, with various increases and decreases along the way, including a significant rise of 200% from 2007 to 2012.

What is the land classification of Karunanidhi Nagar10th Street?

Karunanidhi Nagar10th Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Karunanidhi Nagar10th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.