Guideline Value for Kariman Nagar

Kariman Nagar guideline value

The current guideline value of Kariman Nagar is Rs 150 per sq.ft, effective from the 2024 revision. This area is located in Nallur village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kariman Nagar has changed

Over the years, the guideline value of Kariman Nagar has seen several revisions. The earliest recorded figure is from the 2007 revision, which was Rs 75 per sq.ft. In the 2012 revision, the value increased to Rs 150 per sq.ft, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 100 per sq.ft, a decrease of 33%. The 2023 revision returned the value to Rs 150 per sq.ft, showing a 50% increase from 2017. The current 2024 revision maintains this value at Rs 150 per sq.ft, reflecting a 0% change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nallur

Nallur village has a total of 33 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 126 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, indicating that Kariman Nagar's 2024 figure is below this median.

• KJR nagar: Rs 350 per sq.ft (2024)
• Krishna nagar: Rs 350 per sq.ft (2024)
• Indra Nagar part - II: Rs 250 per sq.ft (2024)
• Indira Nagar: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Mangala Nagar: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Kariman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost for these fees to Rs 13,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kariman Nagar?

The Sub Registrar Office that covers Kariman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It determines the minimum value at which the property can be registered, ensuring that all transactions are documented accurately for taxation and legal purposes.

When you proceed with a property transaction, the guideline value will influence the stamp duty and registration fees that need to be paid. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kariman Nagar?

The current guideline value of Kariman Nagar is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 75 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then dropping to Rs 100 in 2017, returning to Rs 150 in 2023, and remaining at Rs 150 in 2024.

What is the median guideline value for streets in Nallur?

The median guideline value for the 33 streets in Nallur is Rs 250 per sq.ft, with Kariman Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Kariman Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 13,500, which includes Rs 10,500 for stamp duty and Rs 3,000 for registration.

Where is the Sub Registrar Office for Kariman Nagar located?

The Sub Registrar Office for Kariman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.