Guideline Value for Karunanidhi Nagar

Karunanidhi Nagar guideline value

The current guideline value of Karunanidhi Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO, and the land classification is Residential Class III Type - I.

How the guideline value of Karunanidhi Nagar has changed

The guideline value for Karunanidhi Nagar has seen several revisions over the years. In 2003, the value was Rs 188 per sq.ft, which increased to Rs 210 per sq.ft in 2007, marking a 12% rise. The value then experienced a significant jump to Rs 1,407 per sq.ft in 2017, reflecting a 570% increase. Following this, the 2023 revision set the value at Rs 2,099 per sq.ft, a 49% rise from the previous revision. The most recent revision in 2024 has further increased the guideline value to Rs 2,350 per sq.ft, which is a 12% increase from 2023.

It is important to note that the register does not have figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1150%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Karunanidhi Nagar is above this median.

• Karunanidhi Nagar ist street: Rs 1,760 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)
• Karunanithi Nagar Ist Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Karunanidhi Nagar?

The Sub Registrar Office that covers Karunanidhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 is a crucial factor in property transactions in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar?

The current guideline value of Karunanidhi Nagar is Rs 2,350 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 188 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 1150% over the years.

What are the stamp duty and registration fees for properties in Karunanidhi Nagar?

For a 1,000 sq.ft property, the total guideline value is Rs 23,50,000. The stamp duty would be Rs 1,64,500, and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which Sub Registrar Office covers Karunanidhi Nagar?

The Pammal Sub Registrar Office covers Karunanidhi Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Karunanidhi Nagar?

The land classification for Karunanidhi Nagar is Residential Class III Type - I, indicating its use for residential purposes.