Guideline Value for Karunanidhi Street

Karunanidhi Street guideline value

The current guideline value of Karunanidhi Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Karunanidhi Street has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent 2024 revision set the value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 59%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for the village is Rs 2,200 per sq.ft, indicating that Karunanidhi Street's 2024 figure is below this median.

• Kavarai Street: Rs 1,600 per sq.ft (2024)
• Kaveri Street(ICF colony): Rs 2,400 per sq.ft (2024)
• Kaviya Garden Dream Homes: Rs 1,105 per sq.ft (2024)
• Kannathasan Street: Rs 1,600 per sq.ft (2024)
• Krishnan salai(ICF): Rs 2,400 per sq.ft (2024)
• Kalyani Industrial Estate: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunanidhi Street?

The Sub Registrar Office that covers Karunanidhi Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are in compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value and the sale price, which means understanding the current guideline value is essential for accurate financial planning.

Frequently asked questions

What is the current guideline value of Karunanidhi Street?

The current guideline value of Karunanidhi Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, which is an overall increase of 59%.

What are the other streets in 5. Athipattu and their guideline values?

Other streets in 5. Athipattu include Kavarai Street and Kannathasan Street at Rs 1,600 per sq.ft, Kaveri Street (ICF colony) at Rs 2,400 per sq.ft, and Kaviya Garden Dream Homes at Rs 1,105 per sq.ft.

What is the registration fee for property in Karunanidhi Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, the total registration fee for a 1,000 sq.ft plot at the current guideline value is Rs 1,44,000.

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

The Konnur Sub Registrar Office covers Karunanidhi Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.