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Guideline Value

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Guideline Value for DEVI KARUMARI AMMAN NAGAR

₹1320/sq.ft.

The guideline value for Devi Karumari Amman Nagar in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹580 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Devi Karumari Amman Nagar

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Devi Karumari Amman Nagar guideline value

The current guideline value for Devi Karumari Amman Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Devi Karumari Amman Nagar has changed

The guideline value for Devi Karumari Amman Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 580 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a 107% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 1,200 per sq.ft in 2023, followed by another rise to the current figure of Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 128%. It's important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Devi Karumari Amman Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Devi Karumari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Devi Karumari Amman Nagar?

The Sub Registrar Office that covers Devi Karumari Amman Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathuvancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value is often used to assess the minimum value of the property being registered.

When a property is sold, the registration office will refer to the guideline value to calculate the applicable duties. This ensures that the transaction is recorded at a value that reflects the official rates set by the government, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for Devi Karumari Amman Nagar?

The current guideline value for Devi Karumari Amman Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 580 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 128% over the years.

Which Sub Registrar Office covers Devi Karumari Amman Nagar?

The Chennai South Joint I Sub Registrar Office covers Devi Karumari Amman Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Kolathuvancheri?

The median guideline value for the 146 streets in Kolathuvancheri is Rs 1,650 per sq.ft, which is higher than the current value for Devi Karumari Amman Nagar.

How is the stamp duty calculated for properties in Devi Karumari Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 92,400.