Guideline Value for Karunanithi Nagar 2nd Cross Street

Karunanithi Nagar 2nd Cross Street guideline value

The current guideline value of Karunanithi Nagar 2nd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Karunanithi Nagar 2nd Cross Street has changed

The guideline value for Karunanithi Nagar 2nd Cross Street has undergone several revisions over the years. The oldest revision available is from 2017, where the guideline value was Rs 1,072 per sq.ft. In 2023, this figure increased to Rs 1,600 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 saw another increase to Rs 1,760 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value for these streets is Rs 1,980 per sq.ft, indicating that the guideline value for Karunanithi Nagar 2nd Cross Street is below this median.

• Karunanithi Nagar 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar IInd Street: Rs 1,760 per sq.ft (2024)
• Karunanidhi Nagar ist 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)
• Karunanidhi Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanithi Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty, calculated at 7%, would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for these fees would be Rs 1,58,400. 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 detailed calculations.

Which Sub Registrar Office covers Karunanithi Nagar 2nd Cross Street?

The Sub Registrar Office that covers Karunanithi Nagar 2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Anakaputhur, as it determines the official value at which the property will be registered. This value is used to calculate the stamp duty and registration fees that are required during the transaction process.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. 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 Karunanithi Nagar 2nd Cross Street?

The current guideline value of Karunanithi Nagar 2nd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Karunanithi Nagar 2nd Cross Street?

Karunanithi Nagar 2nd Cross Street is classified as Residential Class II Type - I according to the local land classification standards.

Where can I find the registration office for this area?

The registration office for Karunanithi Nagar 2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at the current guideline value of Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. The duty is charged on the higher of the guideline value or the sale price.