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Guideline Value

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Guideline Value for KARUMARI AMMAN KOVIL STREETS/ NAGARS

₹1100/sq.ft.

The guideline value for Karumari Amman Kovil Streets/ Nagars in Matthur village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Matthur

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Karumari Amman Kovil Streets/ Nagars

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Karumari Amman Kovil Streets/ Nagars guideline value

The current guideline value of Karumari Amman Kovil Streets/ Nagars is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Matthur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Karumari Amman Kovil Streets/ Nagars has changed

The guideline value for Karumari Amman Kovil Streets/ Nagars has undergone several revisions over the years. The 2007 revision recorded a value of Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, the value decreased to Rs 670 per sq.ft in 2017, representing a 33% drop. The value then rose to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, reflecting a 10% change.

From 2017 to 2023, the increase was substantial at 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 450%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Karumari Amman Kovil Streets/ Nagars aligns with this median.

Stamp duty and registration fee for property in Karumari Amman Kovil Streets/ Nagars

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. 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 Karumari Amman Kovil Streets/ Nagars?

The Sub Registrar Office that covers Karumari Amman Kovil Streets/ Nagars is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Matthur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. The guideline value helps ensure that the transaction is recorded accurately and reflects the current market conditions.

When a property is sold, the guideline value serves as a baseline for calculating the applicable taxes and fees. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karumari Amman Kovil Streets/ Nagars?

The current guideline value of Karumari Amman Kovil Streets/ Nagars is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 450% over the years.

What is the land classification for Karumari Amman Kovil Streets/ Nagars?

The land classification for Karumari Amman Kovil Streets/ Nagars is Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Karumari Amman Kovil Streets/ Nagars is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Karumari Amman Kovil Streets/ Nagars is calculated based on the higher of the guideline value or the sale price. For example, a plot valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.