Guideline Value for Karuneergar Street

Karuneergar Street guideline value

The current guideline value of Karuneergar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Karuneergar Street has changed

The guideline value for Karuneergar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision also maintains this rate at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Karuneergar Street, indicating that the guideline value has not been recorded for these years.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which means that Karuneergar Street's 2024 figure is below that median.

• Karumariamman Nagar: Rs 200 per sq.ft (2024)
• Karthik Nagar: Rs 600 per sq.ft (2024)
• Kammalar Street: Rs 200 per sq.ft (2024)
• Kambar Street: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 200 per sq.ft (2024)
• Kamachi Colony: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Karuneergar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. 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 information on fees.

Which Sub Registrar Office covers Karuneergar Street?

The Sub Registrar Office that covers Karuneergar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Valarpuram, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Karuneergar Street?

The current guideline value of Karuneergar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024.

Are there any years without a guideline value for Karuneergar Street?

Yes, there are no figures available for the revisions in 2002, 2003, and 2007 for Karuneergar Street.

What is the median guideline value for streets in Valarpuram?

The median guideline value for streets in Valarpuram is Rs 300 per sq.ft, which is higher than the current value of Karuneergar Street.

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

The Sub Registrar Office for Karuneergar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.