Guideline Value for Karunanithi Nagar IInd Street

Karunanithi Nagar IInd Street guideline value

The current guideline value of Karunanithi Nagar IInd 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 IInd Street has changed

The guideline value for Karunanithi Nagar IInd Street has undergone several revisions over the years. The oldest available revision is from 2017, where the value 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%. The latest revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. Notably, the register has no figures for 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 the village is Rs 1,980 per sq.ft, positioning Karunanithi Nagar IInd Street's 2024 figure below this median.

• Karunanithi Nagar 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar Ist Lane: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar 2nd Cross Street: 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 IInd 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 at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that 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 IInd Street?

The Pammal Sub Registrar Office covers Karunanithi Nagar IInd Street. The office is 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 a crucial factor during property registration in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the official valuation of the property. This value is used to calculate the applicable taxes, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Karunanithi Nagar IInd Street?

The current guideline value of Karunanithi Nagar IInd 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 IInd Street?

Karunanithi Nagar IInd Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated on property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at 7%.