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Guideline Value

Corporate

Guideline Value for Kareem MohideenSahib Street

₹3900/sq.ft.

The guideline value for Kareem Mohideensahib Street 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 Street

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Kareem MohideenSahib Street guideline value

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

How the guideline value of Kareem MohideenSahib Street has changed

The guideline value for Kareem MohideenSahib Street has seen several revisions over the years. In 2002, the guideline value was Rs 749 per sq.ft. This increased to Rs 826 per sq.ft in 2003, marking a 10% rise. Following this, the value continued to rise significantly, reaching Rs 1,500 per sq.ft in 2007, which was an 82% increase from the previous revision. The 2012 revision saw the value drop to Rs 3,600 per sq.ft, a decrease of 33% from 2017's figure of Rs 2,412 per sq.ft. In 2023, the value was Rs 3,600 per sq.ft, and the latest revision in 2024 has 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%. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Kareem MohideenSahib Street's 2024 guideline value of Rs 3,900 per sq.ft is below this median.

Stamp duty and registration fee for property in Kareem MohideenSahib Street

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, while the registration fee at 2% would be Rs 78,000. The total cost for these fees together would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kareem MohideenSahib Street?

The Sub Registrar Office that covers Kareem MohideenSahib Street 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 when registering property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Kareem MohideenSahib Street?

The current guideline value of Kareem MohideenSahib Street 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 seen significant changes, increasing from Rs 749 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, which represents an overall increase of 421% over this period.

What are the other streets in Egmore with similar guideline values?

Other streets in Egmore under the Periamet SRO, such as Kareem MohideenSahib 7th lane, 6th lane, 5th lane, 4th lane, 3rd lane, and 2nd lane, all share the same guideline value of Rs 3,900 per sq.ft in 2024.

What is the registration fee and stamp duty for properties on this street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,51,000.

Which Sub Registrar Office should I approach for transactions on this street?

The Periamet Sub Registrar Office covers Kareem MohideenSahib Street, located at 1103, Poonamallee High Road, Chennai-600 003.