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Guideline Value

Corporate

Guideline Value for Karukathamman Koil Street & Lane

₹3900/sq.ft.

The guideline value for Karukathamman Koil Street & 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 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Karukathamman Koil Street & Lane

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Karukathamman Koil Street & Lane guideline value

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

How the guideline value of Karukathamman Koil Street & Lane has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in the 2012 revision. However, this value dropped to Rs 2,412 per sq.ft in the 2017 revision, marking a decrease of 33%. The following revision in 2023 saw a notable increase to Rs 3,600 per sq.ft, and the most recent revision in 2024 raised the value to Rs 3,900 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 290%. Notably, there are no figures available for the years 2002 and 2003 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. The guideline value for Karukathamman Koil Street & Lane is below this median.

Stamp duty and registration fee for property in Karukathamman Koil Street & Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling 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.

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

Which Sub Registrar Office covers Karukathamman Koil Street & Lane?

The Sub Registrar Office that covers Karukathamman Koil Street & Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is compared to the actual sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Karukathamman Koil Street & Lane?

The current guideline value for Karukathamman Koil Street & 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 seen several revisions: it was Rs 1,000 per sq.ft in 2007, increased to Rs 3,600 in 2012, dropped to Rs 2,412 in 2017, rose to Rs 3,600 in 2023, and finally reached Rs 3,900 in 2024.

What are the other streets in Egmore with the same guideline value?

Other streets in Egmore with the same guideline value of Rs 3,900 per sq.ft include Karukathamman Koil 2nd Street, Karukathamman Koil 1st Street, and several lanes of Kareem MohideenSahib Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is typically 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about my Sub Registrar Office?

You can find more information about your Sub Registrar Office by visiting the link provided to find your SRO.