Guideline Value for Karukathamman Koil 1st Street

Karukathamman Koil 1st Street guideline value

The current guideline value of Karukathamman Koil 1st 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 Karukathamman Koil 1st Street has changed

The guideline value for Karukathamman Koil 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in the 2012 revision, marking a 260% increase. However, in 2017, the value decreased to Rs 2,412 per sq.ft, a drop of 33%. The value then rose to Rs 3,600 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,900 per sq.ft in the 2024 revision, which is an 8% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 290%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are a total of 465 streets under the Periamet SRO carrying 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. The guideline value of Karukathamman Koil 1st Street is below this median.

• Karukathamman Koil 2nd Street: Rs 3,900 per sq.ft (2024)
• Karukathamman Koil Street & Lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib Street: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 7th lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 6th lane: Rs 3,900 per sq.ft (2024)
• Kareem MohideenSahib 5th lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Karukathamman Koil 1st 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, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the 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 Karukathamman Koil 1st Street?

The Sub Registrar Office that covers Karukathamman Koil 1st Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Karukathamman Koil 1st Street?

The current guideline value of Karukathamman Koil 1st 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 changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 290% over the years.

What is the land classification for Karukathamman Koil 1st Street?

Karukathamman Koil 1st Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office is responsible for Karukathamman Koil 1st Street?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, is responsible for Karukathamman Koil 1st Street.