Guideline Value for KARI MEDU

Kari Medu guideline value

The current guideline value of Kari Medu is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Kari Medu has changed

The guideline value for Kari Medu has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2023, marking a change of 49%. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

Tiruttani village has a total of 160 streets under the Thiruttani SRO, with guideline values ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, placing Kari Medu's current figure below that median.

• Kaooapuriamman Nagar: Rs 825 per sq.ft (2024)
• Kannigapuram Main Road: Rs 825 per sq.ft (2024)
• Karunanidhi Nagar: Rs 825 per sq.ft (2024)
• KASTHURIBAI STREET ( T V Malai): Rs 825 per sq.ft (2024)
• Kandaswamy Street: Rs 1,100 per sq.ft (2024)
• Katcheri Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kari Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kari Medu?

The Sub Registrar Office covering Kari Medu is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the property registration process in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which is essential for budgeting the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Kari Medu?

The current guideline value of Kari Medu is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Tiruttani?

The median guideline value in Tiruttani is Rs 825 per sq.ft. Kari Medu's current guideline value is below this median.

What are the stamp duty and registration fees for property in Kari Medu?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kari Medu located?

The Sub Registrar Office for Kari Medu is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.