Guideline Value

Corporate

Guideline Value for KOTHANDARAMAN NAGAR

₹1650/sq.ft.

The guideline value for Kothandaraman Nagar in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹151 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹131 /sq.ft.
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
044-29510536
[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 Kothandaraman Nagar

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Kothandaraman Nagar guideline value

The current guideline value of Kothandaraman Nagar, located in Karambakkam village under the Chennai South Joint I SRO, is Rs 1,650 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of Kothandaraman Nagar has changed

Over the years, the guideline value for Kothandaraman Nagar has seen several revisions. The earliest recorded figure in 2002 was Rs 131 per sq.ft, which increased to Rs 151 per sq.ft in 2003. The value then rose significantly to Rs 500 per sq.ft in 2007, marking a 231% increase. By 2012, the value was Rs 1,500 per sq.ft, showing a 200% rise from the previous revision. However, this figure decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% drop. The value increased again to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1160%. The register has no figure for Kothandaraman Nagar for the years not mentioned above.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 1,930 per sq.ft. The guideline value for Kothandaraman Nagar is below this median.

Stamp duty and registration fee for property in Kothandaraman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kothandaraman Nagar?

Kothandaraman Nagar falls under the Chennai South Joint I 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 Karambakkam

The guideline value plays a crucial role in the registration process of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair value. This value is essential for calculating the stamp duty and registration fees that must be paid during the property transfer process.

When buying or selling property in Karambakkam, the guideline value is used to assess the financial obligations associated with the registration. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kothandaraman Nagar?

The current guideline value of Kothandaraman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 131 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 1160% over the years.

What is the registration office for Kothandaraman Nagar?

Kothandaraman Nagar is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kothandaraman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500 based on the current guideline value.

What are the other streets in Karambakkam with guideline values?

Other streets in Karambakkam include Kothadaraman Nagar Main Road at Rs 1,650 per sq.ft, K.K.R. Garden at Rs 1,930 per sq.ft, and several Kaveri Nagar streets all at Rs 2,480 per sq.ft for 2024.