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Guideline Value

Corporate

Guideline Value for KARTHIKEYAN NAGAR 1st Main Road

₹3300/sq.ft.

The guideline value for Karthikeyan Nagar 1st Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 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

Maduravoyal

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹310 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹283 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Karthikeyan Nagar 1st Main Road

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KARTHIKEYAN NAGAR 1st Main Road guideline value

The current guideline value of KARTHIKEYAN NAGAR 1st Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of KARTHIKEYAN NAGAR 1st Main Road has changed

The guideline value for KARTHIKEYAN NAGAR 1st Main Road has seen several revisions over the years. In 2002, the value was Rs 283 per sq.ft, which increased to Rs 310 per sq.ft in 2003. Following this, the value rose significantly to Rs 500 per sq.ft in 2007, and then to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,300 per sq.ft.

The changes between these revisions are notable. From 2002 to 2024, the overall increase in guideline value is 1,066%. Specifically, the increment from 2017 to 2023 was 49%, while the jump from 2012 to 2017 was a decrease of 33%. The most significant increase occurred from 2007 to 2012, with a rise of 500%, and from 2003 to 2007, the increase was 61%. The latest revision from 2023 to 2024 shows a 10% increase.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, making the 2024 figure for KARTHIKEYAN NAGAR 1st Main Road above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers KARTHIKEYAN NAGAR 1st Main Road?

The Sub Registrar Office that covers KARTHIKEYAN NAGAR 1st Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair price for transactions. It is essential for both buyers and sellers to be aware of the current guideline values to facilitate a smooth registration process.

Frequently asked questions

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

The current guideline value of KARTHIKEYAN NAGAR 1st Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 283 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,066% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for KARTHIKEYAN NAGAR 1st Main Road?

The Virugambakkam Sub Registrar Office handles registrations for KARTHIKEYAN NAGAR 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for KARTHIKEYAN NAGAR 1st Main Road?

KARTHIKEYAN NAGAR 1st Main Road falls under the Residential Class II Type - I land classification.