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Guideline Value

Corporate

Guideline Value for KARUMARIAMMAN NAGAR 3RD STREET

₹880/sq.ft.

The guideline value for Karumariamman Nagar 3rd Street 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 Nagar 3rd Street

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Karumariamman Nagar 3rd Street guideline value

The current guideline value of Karumariamman Nagar 3rd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street 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 Nagar 3rd Street has changed

Over the years, the guideline value for Karumariamman Nagar 3rd Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has raised it to Rs 880 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, there has been an overall increase of 10%. The change from the 2017 revision to the 2023 revision was a significant 49% increase, while the 2012 to 2017 revision saw a decrease of 33%.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Karumariamman Nagar 3rd Street is below this median.

Stamp duty and registration fee for property in Karumariamman Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the 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 to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karumariamman Nagar 3rd Street?

The Sub Registrar Office that covers Karumariamman Nagar 3rd Street 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 information.

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

The guideline value is a critical factor in property transactions in Koladi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

When a property is bought or sold, the guideline value helps ensure transparency and fairness in the registration process. It serves as a benchmark for assessing property values and is updated periodically to reflect changes in the market.

Frequently asked questions

What is the current guideline value of Karumariamman Nagar 3rd Street?

The current guideline value of Karumariamman Nagar 3rd Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the 2012 revision at Rs 800 per sq.ft, followed by Rs 536 per sq.ft in 2017, Rs 800 per sq.ft in 2023, and finally Rs 880 per sq.ft in 2024.

What is the land classification for Karumariamman Nagar 3rd Street?

Karumariamman Nagar 3rd Street is classified as Residential Class II Type - II.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for this street?

The Chennai South Joint II Sub Registrar Office handles registrations for Karumariamman Nagar 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.