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Guideline Value

Corporate

Guideline Value for Kareem MohideenSahib 2nd lane

₹3900/sq.ft.

The guideline value for Kareem Mohideensahib 2nd Lane in Egmore village (Periamet SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹826 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹749 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Kareem Mohideensahib 2nd Lane

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Kareem MohideenSahib 2nd lane guideline value

The current guideline value of Kareem MohideenSahib 2nd lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Kareem MohideenSahib 2nd lane has changed

The guideline value for Kareem MohideenSahib 2nd lane has seen several revisions over the years. In the 2002 revision, the value was Rs 749 per sq.ft, which increased to Rs 826 per sq.ft in 2003. The subsequent revisions saw a significant rise, with the 2007 revision marking a value of Rs 1,500 per sq.ft. The 2012 revision maintained the value at Rs 3,600 per sq.ft, but this was followed by a decrease to Rs 2,412 per sq.ft in 2017. The 2023 revision updated the value to Rs 3,600 per sq.ft, and the latest 2024 revision set it at Rs 3,900 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 421%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 140% increase from 2007 to 2012. Notably, there are no figures available for the revisions in years other than those mentioned.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing the guideline value of Kareem MohideenSahib 2nd lane below that median.

Stamp duty and registration fee for property in Kareem MohideenSahib 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kareem MohideenSahib 2nd lane?

The Sub Registrar Office that covers Kareem MohideenSahib 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used for calculating the stamp duty. This ensures that the government collects the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kareem MohideenSahib 2nd lane?

The current guideline value of Kareem MohideenSahib 2nd lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 749 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, which is an overall increase of 421%.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kareem MohideenSahib 2nd lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003, covering Kareem MohideenSahib 2nd lane.

How is the guideline value used in property transactions?

The guideline value is used to establish the minimum value for property registration and to calculate the stamp duty and registration fees based on the higher of the guideline value and the sale price.