Guideline Value for Karunguzhi GST ROAD

Karunguzhi GST ROAD guideline value

The current guideline value of Karunguzhi GST ROAD is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village, under the Madurandakam SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Karunguzhi GST ROAD has changed

The guideline value for Karunguzhi GST ROAD has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, by 2017, it dropped to Rs 335 per sq.ft. The value then rose to Rs 500 per sq.ft in 2023 and has remained stable at Rs 501 per sq.ft in the 2024 revision, showing a change of +0% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +151%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Karunguzhi

In Karunguzhi, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value for Karunguzhi GST ROAD is above this median.

• Karunkuzhi Chetti Steet: Rs 401 per sq.ft (2024)
• KEEZHANDAI COLONY (a) VALLUVAR STREET: Rs 401 per sq.ft (2024)
• Maasumsha High Way Mega City: Rs 602 per sq.ft (2024)
• Madura Nagar Phase-I: Rs 501 per sq.ft (2024)
• Madura Nagar Phase-II: Rs 501 per sq.ft (2024)
• Malaipalayam: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Karunguzhi GST ROAD

For a 1,000 sq.ft plot at the current rate of Rs 501 per sq.ft, the guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, making the total fees Rs 45,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunguzhi GST ROAD?

The Sub Registrar Office that covers Karunguzhi GST ROAD is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karunguzhi. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When registering a property, the guideline value is considered the minimum value for calculating the applicable fees. This ensures that the transaction is recorded at a value that reflects the official assessment of the property’s worth.

Frequently asked questions

What is the current guideline value for Karunguzhi GST ROAD?

The current guideline value for Karunguzhi GST ROAD is Rs 501 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 2007 to Rs 501 per sq.ft in 2024, representing an overall increase of +151% over the years.

What are the other streets with guideline values in Karunguzhi?

Other streets in Karunguzhi include Karunkuzhi Chetti Steet at Rs 401 per sq.ft, KEEZHANDAI COLONY (a) VALLUVAR STREET at Rs 401 per sq.ft, and Maasumsha High Way Mega City at Rs 602 per sq.ft, among others.

What fees are associated with buying property in Karunguzhi GST ROAD?

When buying property, fees include stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Karunguzhi GST ROAD?

The Sub Registrar Office for Karunguzhi GST ROAD is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.