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Guideline Value

Corporate

Guideline Value for Karukku Main Road 3rd Street

₹1000/sq.ft.

The guideline value for Karukku Main Road 3rd Street in Menambedu village (Ambattur SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Menambedu

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Karukku Main Road 3rd Street

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Karukku Main Road 3rd Street guideline value

The current guideline value of Karukku Main Road 3rd Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Karukku Main Road 3rd Street has changed

The guideline value for Karukku Main Road 3rd Street has experienced several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, indicating no percentage change from 2023 to 2024.

From 2012 to 2017, there was a notable decline of 33%, but from 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has remained stable, showing a 0% change. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Karukku Main Road 3rd Street is below this median.

Stamp duty and registration fee for property in Karukku Main Road 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Karukku Main Road 3rd Street?

The Sub Registrar Office that covers Karukku Main Road 3rd Street is the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with the law.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall financial commitment involved in the transaction.

Frequently asked questions

What is the current guideline value of Karukku Main Road 3rd Street?

The current guideline value of Karukku Main Road 3rd Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for this street?

The land classification for Karukku Main Road 3rd Street is Residential Class III Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for this area?

The Ambattur Sub Registrar Office handles registrations for Karukku Main Road 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.