Guideline Value for KARUDATHIRI NAGAR

Karudathiri Nagar guideline value

The current guideline value of Karudathiri Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Devathanam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Karudathiri Nagar has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision also maintains the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Karudathiri Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Devathanam

In Devathanam village, there are 23 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median of Rs 100 per sq.ft. The guideline value for Karudathiri Nagar is equal to this median.

• Kuberaburi Nagar: Rs 100 per sq.ft (2024)
• J S Nagar: Rs 100 per sq.ft (2024)
• Jeremiah City: Rs 111 per sq.ft (2024)
• Imayam Nagar: Rs 111 per sq.ft (2024)
• Green City: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Karudathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karudathiri Nagar?

The Sub Registrar Office covering Karudathiri Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential figure used during the registration of property transactions in Devathanam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property, which is crucial for legal documentation. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karudathiri Nagar?

The current guideline value of Karudathiri Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification of Karudathiri Nagar?

Karudathiri Nagar is classified as Residential Class II Type - I under the Ponneri SRO.

Where can I find the Sub Registrar Office for Karudathiri Nagar?

The Sub Registrar Office for Karudathiri Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property in Karudathiri Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.