Guideline Value for Karunanidhi Puram

Karunanidhi Puram guideline value

The current guideline value of Karunanidhi Puram is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village under the Alandur SRO and is classified as Residential Class II Type - II.

How the guideline value of Karunanidhi Puram has changed

The guideline value for Karunanidhi Puram has seen several revisions over the years. In 2007, the value was Rs 1,700 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then rose significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 12%. Overall, from 2007 to 2024, the guideline value has increased by 65%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Rs 2,800 per sq.ft for Karunanidhi Puram is below this median.

• Karunanidhi Nagar 9th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 8th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 7th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Karunanidhi Nagar 4th Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value is Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total fees Rs 2,52,000. It is important to note that 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 Puram?

The Sub Registrar Office that covers Karunanidhi Puram is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When you buy or sell a property in Thalakanancherry, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the region.

Frequently asked questions

What is the current guideline value of Karunanidhi Puram?

The current guideline value of Karunanidhi Puram is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What is the land classification for Karunanidhi Puram?

Karunanidhi Puram is classified as Residential Class II Type - II.

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

The Sub Registrar Office for Karunanidhi Puram is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Karunanidhi Puram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.