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Guideline Value

Corporate

Guideline Value for KARTHIKEYAN NAGAR 3rd Main Road

₹3300/sq.ft.

The guideline value for Karthikeyan Nagar 3rd 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 3rd Main Road

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KARTHIKEYAN NAGAR 3rd Main Road guideline value

The current guideline value of KARTHIKEYAN NAGAR 3rd 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 is classified as Residential Class II Type - I.

How the guideline value of KARTHIKEYAN NAGAR 3rd Main Road has changed

The guideline value for KARTHIKEYAN NAGAR 3rd 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, marking a 10% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, reflecting a 61% increase. In 2012, the guideline value was Rs 3,000 per sq.ft, which was a 500% increase from the previous revision. The value decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33% before climbing back to Rs 3,000 per sq.ft in 2023, with a 49% increase. Finally, the current value as of 2024 is Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in the years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 1066%.

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, with a median value of Rs 3,050 per sq.ft. The guideline value for KARTHIKEYAN NAGAR 3rd Main Road is above this median.

Stamp duty and registration fee for property in KARTHIKEYAN NAGAR 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Please 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 KARTHIKEYAN NAGAR 3rd Main Road?

The Sub Registrar Office that covers KARTHIKEYAN NAGAR 3rd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Maduravoyal. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of KARTHIKEYAN NAGAR 3rd Main Road?

The current guideline value of KARTHIKEYAN NAGAR 3rd 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 increased significantly from Rs 283 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1066%.

What are the other streets with the same guideline value in Maduravoyal?

Other streets in Maduravoyal with the same guideline value of Rs 3,300 per sq.ft include KARTHIKEYAN NAGAR 3rd Cross Street, KARTHIKEYAN NAGAR - Agathiyar Street, KARTHIKEYAN NAGAR 2nd Main Road, KARTHIKEYAN NAGAR - Anjaneyar Street, KARTHIKEYAN NAGAR 2nd Cross Street, and KARTHIKEYAN NAGAR - Appar 1st Street.

Where can I find the Sub Registrar Office for KARTHIKEYAN NAGAR 3rd Main Road?

The Sub Registrar Office for KARTHIKEYAN NAGAR 3rd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Maduravoyal?

Stamp duty in Maduravoyal is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.