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Guideline Value

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Guideline Value for KARUMARIAMMAN 4TH STREET 1,2 CROSS

₹880/sq.ft.

The guideline value for Karumariamman 4th Street 1,2 Cross in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Karumariamman 4th Street 1,2 Cross

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Karumariamman 4th Street 1,2 Cross guideline value

The current guideline value for Karumariamman 4th Street 1,2 Cross is Rs 880 per sq.ft. This property is located in Koladi village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Karumariamman 4th Street 1,2 Cross has changed

The guideline value for Karumariamman 4th Street 1,2 Cross has undergone several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then rose again to Rs 880 per sq.ft in the 2024 revision. The changes between these revisions are notable, with a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value for Karumariamman 4th Street 1,2 Cross below the median.

Stamp duty and registration fee for property in Karumariamman 4th Street 1,2 Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karumariamman 4th Street 1,2 Cross?

The Sub Registrar Office covering Karumariamman 4th Street 1,2 Cross is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koladi. It is used to calculate the stamp duty and registration fees that are required during the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions in the area. It helps in determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Karumariamman 4th Street 1,2 Cross?

The current guideline value of Karumariamman 4th Street 1,2 Cross is Rs 880 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for this street?

Karumariamman 4th Street 1,2 Cross is classified as Residential Class II Type - II.

Where can I find the registration office for this area?

The registration office for Karumariamman 4th Street 1,2 Cross is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.