Guideline Value for Karunanithi Nagar Ist Street

Karunanithi Nagar Ist Street guideline value

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

How the guideline value of Karunanithi Nagar Ist Street has changed

The guideline value for Karunanithi Nagar Ist Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street, indicating a lack of data for those periods.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value in this village is Rs 1,980 per sq.ft, which means that Karunanithi Nagar Ist Street's 2024 figure is below this median.

• Karunanithi Nagar Ist Lane: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar IInd Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Karunanithi Nagar 2nd Cross 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 Ist 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 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karunanithi Nagar Ist Street?

The Sub Registrar Office that covers Karunanithi Nagar Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

The current guideline value of Karunanithi Nagar Ist 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, representing a total increase of 64% over this period.

What is the median guideline value in Anakaputhur?

The median guideline value in Anakaputhur is Rs 1,980 per sq.ft, which is higher than the current guideline value of Karunanithi Nagar Ist Street.

Where is the Pammal Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,58,400.