Guideline Value

Corporate

Guideline Value for KARAMBAKKAM BRAMIN STREET

₹2480/sq.ft.

The guideline value for Karambakkam Bramin Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2480 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2480 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Karambakkam Bramin Street

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Karambakkam Bramin Street guideline value

The current guideline value of Karambakkam Bramin Street is Rs 2,480 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Karambakkam Bramin Street has changed

The guideline value for Karambakkam Bramin Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,480 per sq.ft, which is an increase from Rs 2,250 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,507 per sq.ft, showing a significant increase of +49% to the 2023 figure. The 2012 revision had the value at Rs 2,250 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. This means that the changes in guideline value are based solely on the revisions from 2012, 2017, 2023, and 2024.

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, with a median value of Rs 1,930 per sq.ft. The guideline value for Karambakkam Bramin Street is above this median.

Stamp duty and registration fee for property in Karambakkam Bramin Street

For a 1,000 sq.ft plot at the current rate of Rs 2,480 per sq.ft, the guideline value amounts to Rs 24,80,000. The stamp duty at 7% would be Rs 1,73,600, and the registration fee at 2% would be Rs 49,600, bringing the total to Rs 2,23,200. 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 details.

Which Sub Registrar Office covers Karambakkam Bramin Street?

The Sub Registrar Office that covers Karambakkam Bramin Street 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, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value of the property being transacted.

When a property is bought or sold, the guideline value is referenced to determine the applicable charges. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Karambakkam Bramin Street?

The current guideline value of Karambakkam Bramin Street is Rs 2,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,480 per sq.ft in 2024, a change of +10%. It was Rs 1,507 per sq.ft in 2017, which increased by +49% to the 2023 figure.

What is the land classification for Karambakkam Bramin Street?

The land classification for Karambakkam Bramin Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Karambakkam Bramin Street?

The Sub Registrar Office for Karambakkam Bramin Street 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.

How is the stamp duty calculated for properties in Karambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 24,80,000 would incur a stamp duty of Rs 1,73,600 at 7%.