Guideline Value for Karuneegar Street

Karuneegar Street guideline value

The current guideline value of Karuneegar Street in Kunrathour-B village is Rs 1,430 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Karuneegar Street has changed

The guideline value for Karuneegar Street has seen significant changes over the years. The earliest recorded revision was in 2017, where the value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Karuneegar Street's 2024 figure below that median.

• Karaimedu Mayana Salai: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Palla Street: Rs 1,430 per sq.ft (2024)
• Karaima Nagar Mettu Street: Rs 1,430 per sq.ft (2024)
• Karaima Nagar: Rs 1,430 per sq.ft (2024)
• Kanniyamman Nagar: Rs 1,430 per sq.ft (2024)
• Kollai Street: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Karuneegar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karuneegar Street?

The Sub Registrar Office that covers Karuneegar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is crucial when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the overall cost of the transaction. It is important to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karuneegar Street?

The current guideline value of Karuneegar Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. This reflects a 64% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for properties on Karuneegar Street?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Karuneegar Street?

The Kunrathur Sub Registrar Office covers Karuneegar Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Karuneegar Street?

Karuneegar Street is classified as Residential Special Type - II, indicating its designation for residential development within the area.