Guideline Value for KARUMAAN KUTTAI (WARD -17)

Karumaan Kuttai (Ward -17) guideline value

The current guideline value of Karumaan Kuttai (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Karumaan Kuttai (Ward -17) has changed

The guideline value of Karumaan Kuttai has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was later revised to Rs 402 per sq.ft in 2017. This change represented a decrease of 33%. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision marked an increase to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes from the 2017 revision to 2023 saw a significant increase of 49%, highlighting the fluctuations in the guideline value over the years. It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing the 2024 figure for Karumaan Kuttai below this median.

• Karumariamman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 440 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,321 per sq.ft (2024)
• Kattapomman Salai (2nd Cross St) (Ward -8): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Karumaan Kuttai (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 Karumaan Kuttai (Ward -17)?

The Sub Registrar Office that covers Karumaan Kuttai (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karumaan Kuttai (Ward -17)?

The current guideline value of Karumaan Kuttai (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Karumaan Kuttai?

The land classification for Karumaan Kuttai is Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Karumaan Kuttai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 660 per sq.ft, the total guideline value is Rs 6,60,000, leading to a stamp duty of Rs 46,200.