Guideline Value for KARUMARI AMMAN STREET

Karumari Amman Street guideline value

The current guideline value of Karumari Amman Street is Rs 1,000 per sq.ft. This street is located in Kolapakkam village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Karumari Amman Street has changed

The guideline value for Karumari Amman Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 230 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 335%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, which was a reduction of 33%. The most recent revision in 2023 has brought the guideline value back up to Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 335%. It is important to note that the register does not provide figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. The guideline value for Karumari Amman Street stands at Rs 1,000 per sq.ft. There are no other streets in Kolapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Karumari Amman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000. Together, the total cost for these fees would be Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karumari Amman Street?

The Sub Registrar Office that covers Karumari Amman Street is the Gooduvancheri Sub Registrar Office. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. It is crucial for both parties to understand that the higher of the guideline value or the sale price will be considered for these calculations, ensuring that all legal obligations are met during the transfer of ownership.

Frequently asked questions

What is the current guideline value of Karumari Amman Street?

The current guideline value of Karumari Amman Street is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023. Overall, there has been a 335% increase from 2007 to 2023.

What are the stamp duty and registration fees for property in Karumari Amman Street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Karumari Amman Street?

The Gooduvancheri Sub Registrar Office covers Karumari Amman Street. Its address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Kolapakkam with guideline values listed?

Currently, there are no other streets in Kolapakkam listed under the Gooduvancheri SRO. The only guideline value available is for Karumari Amman Street.