Guideline Value for Karunanithi Nagar 3rd Cross Street

Karunanithi Nagar 3rd Cross Street guideline value

The current guideline value of Karunanithi Nagar 3rd 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Karunanithi Nagar 3rd Cross Street has changed

In the 2017 revision, the guideline value for Karunanithi Nagar 3rd Cross Street was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49% over six years. The most recent revision in 2024 saw the guideline value increase to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has seen an increase of 64%. It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, 2012.

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, placing Karunanithi Nagar 3rd Cross Street's 2024 figure below this median.

• Karunanithi Nagar 2nd 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)
• Karunanidhi 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 3rd 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 amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karunanithi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Karunanithi Nagar 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during property registration in Anakaputhur. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is registered at a fair price. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karunanithi Nagar 3rd Cross Street?

The current guideline value of Karunanithi Nagar 3rd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Karunanithi Nagar 3rd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Karunanithi Nagar 3rd Cross Street?

The land classification for Karunanithi Nagar 3rd Cross Street is Residential Class II Type - I, indicating its suitability for residential purposes.