Guideline Value for Karunanidhi Nagar

Karunanidhi Nagar guideline value

The current guideline value of Karunanidhi Nagar, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

How the guideline value of Karunanidhi Nagar has changed

The guideline value for Karunanidhi Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 200% rise. Following this, the value rose to Rs 800 per sq.ft in 2023, reflecting a 33% increase. The most recent revision in 2024 has set the guideline value at Rs 880 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with the median being Rs 880 per sq.ft. The guideline value of Karunanidhi Nagar aligns with this median.

• Kasthuribai Nagar: Rs 1,100 per sq.ft (2024)
• Kamban Street: Rs 880 per sq.ft (2024)
• Kalangal Street: Rs 880 per sq.ft (2024)
• Kunzhumedu Pulikoradu: Rs 880 per sq.ft (2024)
• Kuttakkarai Street: Rs 1,100 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 more details.

Which Sub Registrar Office covers Karunanidhi Nagar?

The Sub Registrar Office that covers Karunanidhi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Pulikoradu

The guideline value is a crucial factor in the registration process when buying or selling property in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar?

The current guideline value of Karunanidhi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing a total increase of 340% over the years.

What is the land classification of Karunanidhi Nagar?

Karunanidhi Nagar is classified as Residential Class II Type - III according to the local regulations.

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

The Sub Registrar Office for Karunanidhi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a plot of 1,000 sq.ft at the current guideline value would incur a total fee of Rs 79,200.