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Guideline Value

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Guideline Value for KARUNAI SEKARAN 1 TO 3 STREETS

₹1980/sq.ft.

The guideline value for Karunai Sekaran 1 To 3 Streets in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Karunai Sekaran 1 To 3 Streets

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Karunai Sekaran 1 To 3 Streets guideline value

The current guideline value for Karunai Sekaran 1 To 3 Streets is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Nanmangalam village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Karunai Sekaran 1 To 3 Streets has changed

The guideline value for Karunai Sekaran 1 To 3 Streets has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 1,800 per sq.ft. The most recent revision in 2024 saw another increase to Rs 1,980 per sq.ft, a rise of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Nanmangalam

Nanmangalam village features a range of guideline values across its 139 streets under the Pallavaram SRO, with figures for 2024 ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value is Rs 2,750 per sq.ft, placing the guideline value for Karunai Sekaran 1 To 3 Streets below this median.

Stamp duty and registration fee for property in Karunai Sekaran 1 To 3 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total cost of Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunai Sekaran 1 To 3 Streets?

The Sub Registrar Office that covers Karunai Sekaran 1 To 3 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Nanmangalam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring compliance with local regulations.

When a property is sold, the guideline value or the sale price, whichever is higher, is taken into account for calculating the necessary fees. This ensures that the transaction is recorded accurately and in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value for Karunai Sekaran 1 To 3 Streets?

The current guideline value for Karunai Sekaran 1 To 3 Streets is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft as of 2024.

What is the land classification for Karunai Sekaran 1 To 3 Streets?

Karunai Sekaran 1 To 3 Streets is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The Sub Registrar Office for Karunai Sekaran 1 To 3 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,80,000, the stamp duty would be calculated accordingly.