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Guideline Value

Corporate

Guideline Value for KARAN GARDEN 3RD STREET

₹2750/sq.ft.

The guideline value for Karan Garden 3rd Street in Saidapet village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹946 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹822 /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 Karan Garden 3rd Street

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Karan Garden 3rd Street guideline value

The current guideline value of Karan Garden 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Karan Garden 3rd Street has changed

The guideline value for Karan Garden 3rd Street has seen several revisions over the years. In 2002, the value was Rs 822 per sq.ft, which increased to Rs 946 per sq.ft in 2003, marking a 15% rise. The value continued to rise, reaching Rs 1,300 per sq.ft in 2007, a 37% increase from the previous revision. By 2012, the value increased to Rs 2,500 per sq.ft, showing a significant 92% jump. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% decline. The value rose again to Rs 2,500 per sq.ft in 2023, and finally to the current figure of Rs 2,750 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 235%. There are no figures available for any other years for this street in the register.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Karan Garden 3rd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Karan Garden 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karan Garden 3rd Street?

The Karan Garden 3rd Street is covered by 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 Saidapet

The guideline value is a crucial factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Karan Garden 3rd Street?

The current guideline value of Karan Garden 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 822 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting a total increase of 235% over the years.

What are the stamp duty and registration fees for property in Karan Garden 3rd Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Karan Garden 3rd Street?

The Chennai South Joint I Sub Registrar Office covers Karan Garden 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Karan Garden 3rd Street?

Karan Garden 3rd Street is classified as Residential Class IV Type - III, indicating its designation for residential use.