Guideline Value for Karunya Cross street (Srinivasa nagar)

Karunya Cross street (Srinivasa nagar) guideline value

The current guideline value of Karunya Cross street (Srinivasa nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Karunya Cross street (Srinivasa nagar) has changed

Over the years, the guideline value for Karunya Cross street (Srinivasa nagar) has seen several revisions. The 2007 revision set the value at Rs 611 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 96%. However, between 2012 and 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, reflecting an increase of 49% from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, showing an 8% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 113%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets listed under the Ambattur SRO, with 2024 guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the current value of Karunya Cross street (Srinivasa nagar).

• Karunya street (Srinivasa nagar): Rs 1,300 per sq.ft (2024)
• kasilingam Cross Street (Iyappan nagar etxn.): Rs 1,700 per sq.ft (2024)
• Karumari Street: Rs 1,700 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)
• Karpaga Vinayagar Koil 2nd cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Karpaga Vinayagar Koil 1st cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Karunya Cross street (Srinivasa nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Karunya Cross street (Srinivasa nagar)?

The Sub Registrar Office that covers Karunya Cross street (Srinivasa nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with legal requirements. The registration office uses this value to calculate the applicable fees, making it essential for both parties to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Karunya Cross street (Srinivasa nagar)?

The current guideline value of Karunya Cross street (Srinivasa nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 611 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 113% over the years.

What is the land classification for Karunya Cross street (Srinivasa nagar)?

Karunya Cross street (Srinivasa nagar) is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the registration office for this area?

The registration office covering Karunya Cross street (Srinivasa nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.