Guideline Value

Corporate

Guideline Value for KARAMBAKKAM 1ST MAIN ROAD

₹3030/sq.ft.

The guideline value for Karambakkam 1st Main Road in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3030 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3030 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹363 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹316 /sq.ft.
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 Karambakkam 1st Main Road

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Karambakkam 1st Main Road guideline value

The current guideline value of Karambakkam 1st Main Road is Rs 3,030 per sq.ft, effective from 1 July 2024. This road is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Karambakkam 1st Main Road has changed

The guideline value for Karambakkam 1st Main Road has undergone several revisions over the years. In 2002, the guideline value was Rs 316 per sq.ft, which increased to Rs 363 per sq.ft in 2003. Following that, the value saw a significant rise to Rs 800 per sq.ft in 2007, and then it jumped to Rs 2,750 per sq.ft in 2012. However, there was a decrease to Rs 1,842 per sq.ft in 2017. The value then increased again to Rs 2,750 per sq.ft in 2023, before reaching the current value of Rs 3,030 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 15% from 2002 to 2003, followed by a substantial increase of 120% from 2003 to 2007. The value then rose by 244% from 2007 to 2012, but decreased by 33% from 2012 to 2017. After that, there was a significant increase of 49% from 2017 to 2023, and the most recent change from 2023 to 2024 is an increase of 10%. Overall, from 2002 to 2024, the guideline value has increased by 859%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, and the guideline value for Karambakkam 1st Main Road is above that median.

Stamp duty and registration fee for property in Karambakkam 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,030 per sq.ft, the total guideline value would be Rs 30,30,000. The stamp duty at 7% would amount to Rs 2,12,100, and the registration fee at 2% would be Rs 60,600, bringing the total to Rs 2,72,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karambakkam 1st Main Road?

The Sub Registrar Office that covers Karambakkam 1st Main Road 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 Karambakkam

The guideline value is a critical factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions in Karambakkam, it is essential to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Karambakkam 1st Main Road?

The current guideline value of Karambakkam 1st Main Road is Rs 3,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 316 per sq.ft in 2002 to Rs 3,030 per sq.ft in 2024, showing an overall increase of 859%.

What are the other streets in Karambakkam with similar guideline values?

Other streets in Karambakkam with a guideline value of Rs 3,030 per sq.ft include Karambakkam 1st Cross Street, Karambakkam 1st Street, Karambakkam 2nd Cross Street, and Karambakkam 4 Square Junction.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value, which is Rs 3,030 per sq.ft for Karambakkam 1st Main Road. The total fees include stamp duty and registration fees.

Where can I find the Sub Registrar Office for Karambakkam?

The Sub Registrar Office for Karambakkam is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.