Guideline Value for Karuneegar Street

Karuneegar Street guideline value

The current guideline value of Karuneegar Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class II Type - I.

How the guideline value of Karuneegar Street has changed

The guideline value for Karuneegar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 147 per sq.ft, which saw a significant increase of 512% to Rs 900 per sq.ft in the 2012 revision. However, from 2012 to 2017, the value decreased by 33% to Rs 603 per sq.ft. The subsequent revisions saw the value remain at Rs 900 per sq.ft in both 2023 and 2024, indicating no change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 figure, there has been a total increase of 512%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Karuneegar Street's current value above this median.

• Kasppa Munuswami Nayidu Street: Rs 1,000 per sq.ft (2024)
• Kattuppakkam Kalani: Rs 700 per sq.ft (2024)
• Karikadai Street @ Kavingar kannadhasan street: Rs 1,000 per sq.ft (2024)
• Kedhareeshvaran Koil Street: Rs 1,000 per sq.ft (2024)
• Kizhakku Kammala Sandhu Street: Rs 900 per sq.ft (2024)
• Kizhakku Kammala Street: Rs 1,000 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 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, making the total fees together Rs 81,000. Please 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 information.

Which Sub Registrar Office covers Karuneegar Street?

The Sub Registrar Office that covers Karuneegar Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value affects the amount of stamp duty and registration fees that need to be paid. Buyers should be aware of the guideline value to ensure they comply with the legal requirements 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 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with significant changes from Rs 147 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, and it has remained at Rs 900 per sq.ft since 2023.

What is the median guideline value in Uthiramerur?

The median guideline value for the 180 streets in Uthiramerur is Rs 800 per sq.ft, with Karuneegar Street's current value being above this median.

What are the stamp duty rates for property in Karuneegar Street?

The stamp duty rate for property transactions in Karuneegar Street is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Karuneegar Street?

The Sub Registrar Office for Karuneegar Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.