Guideline Value for KARUMARI AMMAN KOVIL THERU

Karumari Amman Kovil Theru guideline value

The current guideline value for Karumari Amman Kovil Theru is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village under the Gooduvancheri SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Karumari Amman Kovil Theru has changed

The guideline value for Karumari Amman Kovil Theru has seen significant changes over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, placing Karumari Amman Kovil Theru's 2024 figure above that median.

• Karumariamman Nagar: Rs 990 per sq.ft (2024)
• Karapudi Amman Koil Street: Rs 2,640 per sq.ft (2024)
• Kannan Nagar: Rs 990 per sq.ft (2024)
• Kannagi Street: Rs 990 per sq.ft (2024)
• K.K Nagar: Rs 990 per sq.ft (2024)
• Kanimozhi Aravindan Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Karumari Amman Kovil Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karumari Amman Kovil Theru?

The Sub Registrar Office that covers Karumari Amman Kovil Theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value or the sale price is considered, and duty is charged on whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Karumari Amman Kovil Theru?

The current guideline value for Karumari Amman Kovil Theru is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value for streets in Mannivakkam?

The median guideline value for streets in Mannivakkam is Rs 1,215 per sq.ft, with Karumari Amman Kovil Theru's value being above this median.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Karumari Amman Kovil Theru?

The Gooduvancheri Sub Registrar Office handles registrations for Karumari Amman Kovil Theru, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.